Question
1. Is the following instrument a note, a check, or a draft? State WHY. To: Mary Sue Walton April 15, 2017 TEN DAYS AFTER DATE
1. Is the following instrument a note, a check, or a draft? State WHY. To: Mary Sue Walton April 15, 2017 TEN DAYS AFTER DATE PAY TO THE ORDER OF: Sam Smith THE SUM OF: Ten thousand and no/100 DOLLARS SIGNED: Bradley Davis
2. If it is not a check, how would you have to change it to make it a check?
3. Is the following a negotiable instrument? Explain why it is a negotiable instrument or why it is not? "I owe Sam Smith the sum of $3000 for repairing the stucco on my house." signed Mary Sue Walton
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Financial Accounting A Global Perspective
Authors: Rod Monger
1st Edition
0470518405, 978-0470518403
