Question: 1. What is the difference between a note and a draft? Who are the players? 2. Why are these requirements essential for negotiability?

1. What is the difference between a note and a draft? Who are the players?

2. Why are these requirements essential for negotiability?

Step by Step Solution

★★★★★

3.36 Rating (165 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

1 A note is a promise that the maker will pay money to ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

86-L-B-L-C (197).docx

120 KBs Word File

Students Have Also Explored These Related Business Law Questions!

Q:

What is the difference between a realized gain or loss and an unrealized gain or loss?

Q:

What is the difference between a Spot rate forward rate? How can forward rates be used for hedging Purposes? Why would hedging occur?

Q:

What is the difference between a realized external failure cost (environmental) and an unrealized external failure (societal) cost?

Q:

1. Felix draws a check payable to "DeliMart" to buy groceries. Felix's check is most likely a. a certificate of deposit. b. an order to pay. c. a promise to pay. d. a promissory note. 2. Felix draws...

Q:

1.A demand instrument is payable when payment is requested. A) True B) False 2. On behalf of Bubbly Drinks Company, Calvin signs an instrument in which he promises to deliver 100 cases of soda as...

Q:

10:23 AM Fri Mar 25 a? O 72% - X Chapter 22 The Essentials of Negotiability Homework Questions: Attempt 3 Brie signs an instrument in which she promises to pay Caxmen a certain price for her Dodge...

Q:

Answer the following questions using the Delaware CAFR. Reference to the page number if possible. 1. Was the state organizational government chart provided? Briefly explain how the state is organized...

Q:

Answer the following questions using the Delaware CAFR. Reference to the page number if possible. 1. Was the state organizational government chart provided? Briefly explain how the state is organized...

Q:

Answer the following questions using the attached state's CAFR. 1. Explain the difference among non-spendable, restricted, committed, assigned, and unassigned fund balances. 2. Explain how the...

Q:

9. Rico agrees to buy a bicycle from Salvatore for $250. Salvatore agrees to deliver the bike on September 1. Rico writes a draft for $250 payable to Salvatore on September 1. This is A) A place...

Q:

Your company worked on the projects shown as follows during the last year. Analyze the different profit centers based on their gross profit margins, their return on cash invested in the projects, and...

Q:

Use capacitor combination circuit as shown in the figure and Calctate totulenergy sete 40 F 10 uF 10

Q:

Which of the following statements is CORRECT? Group of answer choices An upward - sloping yield curve is often call a "normal" yield curve, while a downward - sloping yield curve is called...

Q:

How can a menu designer write prices to keep the customers from focusing on price first?

Q:

1. Do you agree with this decision? Is it compassionate? 2. Why didnt Toyota let her continue to perform just the two jobs she was capable of doing?

Q:

1. What is a disabled person? 2. The twin sisters had 20/200 vision. Were they disabled?

Q:

1. Could you argue that they were not disabled? 2. But didnt their impairment prevent them from getting the job they wanted?

Q:

Changes in the Cash Account (Please use the appropriate letter for each of the numbered items below. Use ; I for increase, D for decrease or N for no change). Please type the number and the...

Q:

Peter Piper has applied for a mortgage of $ 1 4 0 , 0 0 0 . Interest is computed at 7 . 5 percent compounded semiannually. The mortg vill be paid off over 2 0 years. ( For all requirements, use a...

Q:

Suppose your grandmother deposited $3800 into an account on your 3rd birthday. If the account earns 8% interest compounded quarterly, find the account balance on your 18th birthday. Round your answer...