5. Why are negotiable instruments a vital tool for businesses?

6. Can a payee indorse an instrument in which his/her/its name is misspelled? Explain.

7. Mr. Guss creates a negotiable instrument and asks his assistant to call the borrower to stop by and sign the paperwork. After the borrower finishes signing, the assistant stamps the document with Mr. Gus' signature. Does this signature make the note a contract - Yes or No? Why?

Banking:

8. What does FDIC stand for and what does it do?

9. What is the EFTA and how does it support consumer rights?