Solved

A Medium of Exchange Adopted or Authorized by a Sovereign

Question 67

Multiple Choice

A medium of exchange adopted or authorized by a sovereign government as part of its currency is known in the law of negotiable instruments as:

A) the sum certain.
B) consideration.
C) value.
D) money.

Related Questions

Q58: Under Revised Article 3,a check which meets

Q59: Time paper is payable at a definite

Q60: The Check Clearing for the 21st Century

Q61: To be negotiable,the instrument must satisfy all

Q62: A cashier's check is drawn by a

Q63: A promissory note is an instrument that

Q64: Postdating an instrument will destroy its negotiability.

Q65: Under Revised Article 3,a promise to pay

Q66: A maker must sign in the lower,right-hand

Q68: Which of the following would be an