$1.$ Negotiable instruments can function as

substitutes for money

$2.$ A

check

is a form of a draft. It is unique because it is drawn on a financial institution.

$3.$ The maker of a promissory note is also called the

borrower

$4.$ In a three$-$party instrument called a

draft

one party orders a second party to pay money to a third party.

$5.$ A promissory note is a

two

party instrument.

$6.$ A certificate of deposit

is not

a negotiable instrument.

$7.$ An agreement to pay someone six sacks of wheat, cannot be a negotiable instrument because negotiable instruments must be

payable in a fixed amount of money

$8.$ A$($n$)$

indorsement

is a signature other than the maker's, drawer's or acceptor's that placed on a negotiable instrument to negotiate it to another person.