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7 September, 09:17

A negotiable instrument can function as a substitute for cash.

a. True

b. False 2. a time draft is payable at a definite future time.

a. True

b. False 3. a promissory note payable to "bearer" is not negotiable.

a. True

b. False 4. a certificate of deposit is a type of note.

a. True

b. False 5. a signature can consist of a word, mark, or symbol.

a. True

b. False 6. an instrument that promises to pay "in gold" can be negotiable.

+5
Answers (1)
  1. 7 September, 11:36
    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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Home » Business » A negotiable instrument can function as a substitute for cash. a. True b. False 2. a time draft is payable at a definite future time. a. True b. False 3. a promissory note payable to "bearer" is not negotiable. a. True b. False 4.
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