Jared writes Lisa a check for $500.Because the check does not specify a time of payment,it is considered a
A) certificate of deposit.
B) demand instrument.
C) nonnegotiable instrument.
D) promissory note.
Correct Answer:
Verified
Q5: A bearer instrument is an instrument that
Q9: A transfer by negotiation can make it
Q9: An instrument "payable to bearer" is negotiated
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Q13: The recipient of a negotiable instrument becomes
Q17: A special indorsement names the indorsee.
Q22: Once a negotiable instrument is issued,it can
Q28: With an interest-bearing instrument, it is necessary
Q28: A check "payable to the order of
Q36: Instruments that say nothing about when payment
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