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    Dynamic Business Law Study Set 1
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    Exam 26: Negotiable Instruments: Negotiability and Transferability
  5. Question
    Which Is the Correct Term for a Promise Made by a Bank
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Which Is the Correct Term for a Promise Made by a Bank

Question 26

Question 26

Multiple Choice

Which is the correct term for a promise made by a bank to pay a payee a certain amount of money at a future time?


A) A note
B) A draft
C) A novation
D) A check
E) A certificate of deposit

Correct Answer:

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