Question
I need just the coorect answer. No explanation Checks are defined by the UCC as ____________ drawn on a bank and payable on demand. Select
I need just the coorect answer. No explanation
Checks are defined by the UCC as ____________ drawn on a bank and payable on demand.
Select one:
a.notes
b.bonds
c.certificates
d.cash
e.drafts
Most auto loans and appliance financing arrangements are:
Select one:
a.debtor paper
b.creditor agreements
c.drawer/drawee transactions
d.borrower liens
e.secured transactions
A ___________is a person who holds or possesses the negotiable instrument, who may or may not be the payee.
Select one:
a.drawer
b.drawee
c.bearer
d.maker
e.payor
The "course of performance" focuses on:
Select one:
a.what the parties agree to in writing
b.what the parties have been doing under the provisions of their contract
c.what a reasonable seller would agree to
d.what is common practice in the industry
e.what a reasonable buyer would agree to
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