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To be negotiable under the Uniform Commercial Code (UCC), commercial paper must conform to the requirements in UCC section: Question 6 options: 2-302(1) 3-401 1-102
To be negotiable under the Uniform Commercial Code (UCC), commercial paper must conform to the requirements in UCC section:
Question 6 options:
2-302(1) | |
3-401 | |
1-102 | |
3-104(1) |
__________ is the act of fraudulently making or altering a note, check, draft, or some other document, causing the financial loss of another.
Question 7 options:
Forgery | |
Conversion | |
Burglary | |
Larceny |
A certified check is an instrument where the bank has not promised to pay when it is presented for payment, because the bank must receive funds from the drawer's institution before paying.
Question 8 options:
True | |
False |
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