A typical time draft
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A Typical Time Draft. Payee. Whiteacre, Minnesota. 01. January 16 20___. $1,000.00. Ninety days after above date. PAY TO THE ORDER OF. THE FIRST NATIONAL BANK OF WHITEACRE, MINNESOTA. One thousand and no/100____________________________________. DOLLARS.

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A Typical Time Draft

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A typical time draft

A Typical Time Draft

Payee

Whiteacre, Minnesota

01

January 16 20___

$1,000.00

Ninety days after above date

PAY TO THE ORDER OF

THE FIRST NATIONAL BANK OF WHITEACRE, MINNESOTA

One thousand and no/100____________________________________

DOLLARS

VALUE RECEIVED AND CHARGE THE SAME TO ACCOUNT OF

Eastman Supply Company

To_________________________

Bank of Ourtown

Stephen L. Eastman, Pres.

By_____________________________

___________________________

Ourtown, Michigan

Stephen L. Eastman

Drawee

Drawer

Chapter 19


A typical trade acceptance

A Typical Trade Acceptance

Drawee

Payee

01

Mytown, California

March 15

_________ 20___

To____________________________________________________________________

Comfort Creations, Inc.

On_________________PAY TO THE ORDER OF ____________________________

June 15, 2001

Jackson River Fabrics

_____________________________________________DOLLARS_______________ _

-----------Fifty thousand and no/100--------------

($------50,000-------)

The obligations of the acceptor hereof arise out of the purchase of goods from the drawer. The drawee may accept this bill payable at any bank or trust company in the United States which drawee may designate.

Blackacre, N.Y.

March 15

01

Accepted at _________________________ on _________________20_________

TRADE ACCEPTANCE

Bank of Blackacre

Payable at __________________________

__________________________

Jackson River Fabrics

Blackacre, New York

Comfort Creations, Inc.

Buyer’s Signature ___________________________

Joe Jones, Pres.

By_____________________________

Tom Smith, T.V. Pres.

By Agent or Officer___________________________

Drawee-Acceptor

Drawer

Chapter 19


A typical promissory note

A Typical Promissory Note

Payee

April 30

$___________Whiteacre, Minnesota __________ 20___ Due _________

3,000.00

01

6/29/2001

___________________________________________________after date.

On or before sixty days

NO.,__________OFFICER______BY___________ACCURAL____ NEW REN’L SECURED__ UNSECURED

Clark

For value received, the undersigned jointly and severally promise to pay to the order of THE FIRST NATIONAL BANK OF WHITEACRE at its office in Whiteacre,Minnesota, $___________________ dollars with interest thereon from date hereof at the rate of _______ percent per annum (computed on the basis of actual days and a year of 360 days) indicated in No. ____ below.

INTEREST IS PAYABLE AT MATURITYINTEREST IS PAID TO MATURITYINTEREST IS PAYABLE ______ BEGINNING ON _____20____

Three thousand

-8-

SECURITIES  INSURANCE SAVINGSOTHER  SEC. AGREEMENT 1. INV. & ACCTS. 2. CONSUMER GOODS 3. EQUIP

7

Margaret P. Roberts

Laurence E. Roberts

SIGNATURE ______________________SIGNATURE ___________________________

SIGNATURE ______________________SIGNATURE ___________________________

Co-makers

Chapter 19


A typical small cd

A Typical Small CD

13992

THE FIRST NATIONAL BANK OF WHITEACRENEGOTIABLE CERTIFICATE OF DEPOSIT

22-1960

Payee(Bearer)

February 15

01

WHITEACRE, MINN. ___________________20____

$5,000.00

THIS CERTIFIES to the deposit in this Bank the sum of _______________

____________________________________________________________DOLLARS

--------------------Five thousand and no/100-----------------

15th

01

August

which is payable to bearer on the _________ day of ____________, 20____ against presentation and surrender of this certificate, and bears interest at the rate of _______% per annum, to be computed (on the basis of 360 days and actual days elapsed) to, and payable at, maturity. No payment may be made prior to, and no interest runs after, that date. Payable at maturity in federal funds, and if desired, at Manufacturers Hanover Trust Company, New York.

5

THE FIRST NATIONAL BANK OF WHITEACRE

John Doe

By _______________________________________

SIGNATURE

Maker

Chapter 19


Converting an order instrument to a bearer instrument and vice versa

Converting an Order Instrument to a Bearer Instrument and Vice Versa

Instrument to a Bearer Instrument

A check payable to the order of Jessie Arnold is

an order instrument. Arnold indorses the check in

blank (by simply signing her name), thus converting

the instrument to a bearer instrument, and delivers

the check to Jonas Tolling.

Jessie Arnold

Indorsement Converting a Bearer Instrument

to an Order Instrument

Jonas Tolling adds a special indorsement and negotiates

the check to Mark Hyatt. The special indorsement,

because it makes the instrument payable to a specific

indorsee (Mark Hyatt), converts the bearer instrument

back into an order instrument. To negotiate the

instrument further, Mark Hyatt must indorse and deliver

the instrument.

Pay to Mark HyattJonas Tolling

Chapter 19


A blank indorsement

A Blank Indorsement

Alan Luberda

Chapter 19


A special indorsement

A Special Indorsement

Arthur Rabe

Pay to Anthony Alfonso

Chapter 19


A qualified indorsement

A Qualified Indorsement

Bridgett Cage

Pay to Elvie Ling, without recourse.

Chapter 19


For deposit for collection indorsements

For Deposit/For Collection Indorsements

For Deposit

Stephanie Mallak

For Collection only

Stephanie Mallak

Chapter 19


Trust indorsements

Trust Indorsements

Pay to Ada Johnson in

trust for Sarah Emerson

Robert Emerson

Pay to Ada Johson as Agentfor Sarah Emerson

Robert Emerson

Chapter 19


Negotiability and transferability

Negotiability and Transferability

Chapter 19


Negotiability and transferability continued

Negotiability and Transferability (Continued)

Chapter 19


Negotiability and transferability continued1

Negotiability and Transferability (Continued)

Chapter 19


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