Multiple Choice
What characteristics are necessary for a draft to be a check?
A) It contains an indorsement in blank.
B) It is payable on demand, and the drawee is a bank.
C) It is not an order to pay.
D) It is bearer paper.
E) There are no separate requirements; the requirements for a draft and a check are the same.
Correct Answer:
Verified
Correct Answer:
Verified
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