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Chapter 31: Kinds of Instruments, Parties and Negotiability

Chapter 31: Kinds of Instruments, Parties and Negotiability. Definitions. An instrument or piece of commercial paper is a transferable, written, signed promise or order to pay a specified sum of money. An instrument is negotiable when it contains the terms required by the UCC.

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Chapter 30 Kinds of Instruments, Parties, and Negotiability

Chapter 30 Kinds of Instruments, Parties, and Negotiability. Twomey, Business Law and the Regulatory Environment (14th Ed.). Types of Instruments and Parties [30-1]. Maker (Borrower). Notes. Payee. Certificates of Deposit. Maker (Bank). Payee. Drawer (Seller). Drawee (Buyer). Draft.

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297 views • 11 slides

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Notes payee certificates - PowerPoint PPT Presentation

Chapter 31: Kinds of Instruments, Parties and Negotiability

Chapter 30 Kinds of Instruments, Parties, and Negotiability