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    Exam 20: Creation and Transfer of Negotiable Instruments
  5. Question
    Emily Executes a Promissory Note in the Name of Sonia
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Emily Executes a Promissory Note in the Name of Sonia

Question 53

Question 53

Multiple Choice

Emily executes a promissory note in the name of Sonia but does not specify a time for repayment.This promissory note is an example of a(n) ________ instrument.


A) order
B) time
C) demand
D) indorsed

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