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Test III- Practical exercises- 40 pts. 1. What is a Bill in a set? What is purpose of issuing a Bill in a set? If

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Test III- Practical exercises- 40 pts. 1. What is a Bill in a set? What is purpose of issuing a Bill in a set? If all the parts of the bill in a set is negotiated, is the drawer liable on all parts? discuss. 2. Illustrate a bill in a set with 4 parts

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