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    Exam 19: Nature and Types of Negotiable Instruments
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    An Instrument Stating on Its Face, "Pay to Robert Stevens
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An Instrument Stating on Its Face, "Pay to Robert Stevens

Question 23

Question 23

Multiple Choice

An instrument stating on its face, "Pay to Robert Stevens or bearer" is


A) nonnegotiable.
B) negotiable.
C) an order instrument.
D) a draft.

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