Multiple Choice
Diners Restaurant issues an instrument in favor of Eatery Supplies, Inc. For the instrument to be negotiable, it need not
A) be an unconditional promise or order to pay.
B) be payable on demand or at a specific time.
C) be signed by Diner's Restaurant.
D) recite the consideration given in exchange for a promise to pay.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: A trade acceptance is a draft.
Q3: On a trade acceptance, the drawer is
Q5: Pam signs an instrument payable to the
Q6: A certificate of deposit is a type
Q8: An instrument that states simply "I.O.U." is
Q9: EZ Credit Company signs an instrument payable
Q10: A notation on a check that it
Q14: Fact Pattern 24-2B <br>Ewa signs an instrument
Q36: Quincy draws a check payable to "Replay
Q38: Wilbur signs a note that includes a