Question: 1) Discuss the difference between the two (2) major types of negotiable instruments: Orders to pay and promises to pay . You may wish to

1) Discuss the difference between the two (2) major types of negotiable instruments: Orders to pay and promises to pay. You may wish to make reference to the two (2) variations under each type, as well as the parties involved in each type.

2) Explain how negotiation of a negotiable instrument bears an advantage over the assignment of a contract.

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