When a person buys a television set and gives the merchant a check drawn on his checking account, that person uses a form of negotiable commercial paper.

Name: When a person buys a television set and gives the merchant a check drawn on his checking account, that person uses a form of negotiable commercial paper.
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A check is a type of negotiable commercial paper, which means it can be transferred from one party to another and used as a form of payment.

When a Person Buys a Television Set and Gives the Merchant