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Chapter 20 (Pg. 245-246) 1. What is a negotiable instrument? A negotiable instrument is a signed document that promises a sum of payment to a

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Chapter 20 (Pg. 245-246) 1. What is a negotiable instrument? A negotiable instrument is a signed document that promises a sum of payment to a specified person or the assigneel 3. How does the owner negotiate a negotiable instrument? 4. What is the difference between order and bearer paper? 9. What does it mean to a customer when a bank uses a system of check truncation

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