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Which of the Following Statements Is True About the Negotiable

Question 31

Multiple Choice

Which of the following statements is true about the Negotiable Instruments Law in China?


A) China's law requires discrepancies between the Chinese characters and the numbers to be resolved in favor of the Chinese characters.
B) China's law addresses only banks,not individuals,as endorsers.
C) China's law permits monetary amounts to be written in either Chinese characters or numbers.
D) The purpose of China's law is to promote free trade.
E) China's law specifically addresses the use of promissory notes by individuals.

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