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    Dynamic Business Law Study Set 1
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    Exam 26: Negotiable Instruments: Negotiability and Transferability
  5. Question
    When a Specific Payee Is Named, the Document Is A(n)
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When a Specific Payee Is Named, the Document Is A(n)

Question 65

Question 65

Multiple Choice

When a specific payee is named, the document is a(n) ________ instrument.


A) demand
B) order
C) transitional
D) notified
E) receiver

Correct Answer:

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