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    Dynamic Business Law Study Set 1
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    Exam 17: Negotiable Instruments: Negotiability and Transferability
  5. Question
    A Promise Made by a Bank to Pay a Payee
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A Promise Made by a Bank to Pay a Payee

Question 16

Question 16

Multiple Choice

A promise made by a bank to pay a payee a certain amount of money at a future time is called a ________.


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

Correct Answer:

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