Multiple Choice
A negotiable promissory note must contain
A) a date.
B) the letters IOU.
C) the words value received.
D) words indicating a promise to pay.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q36: A check made payable to "Cash" is<br>A)
Q37: A certificate of deposit is actually a
Q38: An instrument is payable to _ if
Q39: A negotiable instrument is<br>A) required to be
Q40: The signature on a negotiable instrument must<br>A)
Q42: Today check processing is done electronically. Consequently
Q43: A promissory note payable "on the day
Q44: For an instrument to be negotiable it
Q45: A check is always payable on demand.
Q46: A promissory note is not negotiable if