Exam 24: The Function Creation of Negotiable Instruments

arrow
  • Select Tags
search iconSearch Question
flashcardsStudy Flashcards
  • Select Tags

The accounting department of Delta Sales Company receives an instru?ment that states,"March 16,2011.Thirty days after date,I promise to pay to the order of cash,$700 (seven hundred and 00/100 dollars),in Denver,Colorado,with interest at the rate of 7% (seven percent)per year.This in?strument is secured by a contract for the sale of a computer.Due April 15,2011.[Signed] Edward Jones." What type of instrument is this? Is it nego?tiable? If not,why not?

(Essay)
4.9/5
(30)

On a trade acceptance,the drawer is also the drawee.

(True/False)
4.9/5
(30)
Showing 41 - 42 of 42
close modal

Filters

  • Essay(0)
  • Multiple Choice(0)
  • Short Answer(0)
  • True False(0)
  • Matching(0)