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skelet666 [1.2K]
3 years ago
11

A negotiable instrument can function as a substitute for cash.

Business
1 answer:
andreyandreev [35.5K]3 years ago
5 0

1.A negotiable instrument can function as a substitute for cash.- TRUE

2. a time draft is payable at a definite future time. TRUE

3. promissory note payable to "bearer" is not negotiable. - FALSE (It is negotiable)

4. A certificate of deposit is a type of note. - TRUE

5. A signature can consist of a word, mark, or symbol. - TRUE

6.An instrument that promises to pay "in gold" can be negotiable.- FALSE ( Anything payable in the form of a commodity like gold cannot be negotiable)


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