Multiple Choice
To be negotiable,a draft or check must contain the drawer's unconditional ________.
A) order to pay
B) assurance of performance
C) promise to pay
D) covenant
E) demand for assurance of performance
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q75: Zora signs an unconditional written promise to
Q76: A trade acceptance is a sight draft
Q77: Regarding a promissory note,the party who makes
Q78: If you run out of room on
Q79: What problems hinder any efforts to establish
Q81: The main objective of Article 3 of
Q82: An I.O.U.is another form of note that
Q83: Security for the repayment of a note
Q84: An instrument does not have to be
Q85: Where must the signature appear on a