A negotiable instrument is only as good as the person who originally created it. If that person

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“A negotiable instrument is only as good as the person who originally created it. If that person has no money, the person who holds the negotiable instrument cannot possibly obtain payment under the instrument.” Is that statement true? Explain your answer.

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Managing the Law The Legal Aspects of Doing Business

ISBN: 978-0132164429

4th edition

Authors: Mitchell McInnes, Ian R. Kerr, J. Anthony VanDuzer

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