Multiple Choice
A ________ is a distinct form of draft drawn on a financial institution and payable on demand.
A) promissory note
B) check
C) deed
D) letter of credit
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q3: An extension clause allows the date of
Q27: A(n) _ is a clause in an
Q29: Roger, a lawyer, borrowed money from Jax
Q30: The Uniform Commercial Code (UCC) signature requirement
Q31: The _ requirement of negotiable instruments says
Q33: The financial institution upon which a check
Q34: A prepayment clause allows the payee or
Q35: Roger, a lawyer, borrowed money from Jax
Q36: In a certificate of deposit, the depositor
Q37: Which one of the following is a