Essay
Paul and Mary have just purchased a home.Peter,thinking he is smarter than Paul and Mary,writes a check to them for $1,000 in icing on a cake he brings to their housewarming.Peter believes that the cake would be a nonnegotiable item.Is he correct? Is there any way that Paul and Mary can cash the "check"?
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For an instrument to be negotiable,it mu...View Answer
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Correct Answer:
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