1.what are the advantages of commercial paper? select all that apply

a. safety

b. transferability

c. convenience

d. verbal

2.which of the following are requirements for a valid negotiable instruments? select all that apply

a. it must be mailed

b. it must be written

c. it must be an Unconditional promise or order to pay

d. it must be payable to more than one person

3.a_______ is the person who signs a promissory note while ________ signs a check or draft

drawer, maker, offeror, or promisee

4.which of the following are not true of negotiable instruments? select all that apply

a. negotiable instrument can be hand written

b. negotiable instruments may not have am acceleration clause

c. Negotiable instrument can require a condition prior to payment

d. A bearer instrument may be paid to anyone who has possession of it

5.One of the parties to a certificate of deposit is always_________

in breach, nonbreach, a bank or missing