The Uniform Commercial Code defines a _____ as a draft drawn on a bank and payable on demand.
A) promissory note
B) certificate of delivery
C) certificate of deposit
D) bill of exchange
E) check
Correct Answer:
Verified
Q17: A negotiable instrument not payable to a
Q18: An instrument payable to order is one
Q19: A draft is an unconditional order by
Q20: Banker's acceptance is a short-term credit investment
Q21: Which of the following is not necessary
Q23: A _ calls for payment on a
Q24: Of the following, who can become an
Q25: An "I.O.U." is not a negotiable instrument.
Q26: A bill of exchange drawn on another
Q27: The drawee is:
A) one who directs a
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