Match the following terms with their definitions: ___ A. Note ___ B. Check ___ C. Draft ___
Question:
___ A. Note
___ B. Check
___ C. Draft
___ D. Order paper
___ E. Bearer paper
1. An instrument that is not made out to any specific person
2. An order to someone else to pay money.
3. An instrument with the words “pay to the order of ”
4. A promise to pay money
5. An order to a bank to pay money
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Related Book For
Introduction To Business Law
ISBN: 9780324826999
3rd Edition
Authors: Jeff Rey F. Beatty, Susan S. Samuelson
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