Question: A written document signed by the maker that contains an unconditional promise or order to pay a fixed amount of money either on demand or

A written document signed by the maker that contains an unconditional promise or order to pay a fixed amount of money either on demand or at a future time is a(n) Multiple choice question. checking account. instrument of payment. savings account. negotiable instrument

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock 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

Students Have Also Explored These Related Accounting Questions!

What are (broadly speaking) the five stages of the research process?

Article 3 of the UCC addresses negotiable instruments. According to the UCC, a negotiable instrument is a written document signed by the maker that contains an unconditional promise or order to pay a...

1.One of these promissory notes is not secured by mortgage or any other collateral: a.Bottomry bond b.Mortgage bond c.Debenture d.Insurer's bond 2.First statement: A promissory note that is payable...

There are four kinds of instruments: draft, check, promissory note, certificate of deposit. A draft is a three-party instrument. This means three persons are involved in the transaction. A draft is...

Green Thumb Landscaping, LLC (Green Thumb) is a large-scale landscaping service. Green Thumb executed 20 promissory notes in favor of Equipment Finance Company (EFC) for equipment purchased for use...

Match the definition/description to the correct term. Draft Check Promissory Note Certificate of Deposit (CD) Order Instrument Bearer Instrument Time Draft Demand Instrument Sight (or Demand) Draft...

Match the definition / description to the correct term. - An order by one person to another person or to bearer. - A type of instrument drawn by a drawer ordering the drawee bank or financial...

1. Which of the following is false regarding the requirements for a negotiable instrument? The instrument must be a written document. The instrument must be payable at a fixed future time, not on...

Question for Business Law: Which of the following is false regarding the requirements for a negotiable instrument? Which of the following is false regarding the requirements for a negotiable...

A particle moves along the x axis according to the equation x = 2.00 + 3.00t - 1.00t 2, where x is in meters and t is in seconds. At t = 3.00 s, find (a) The position of the particle, (b) Its...

Red Corp. has the following information in its notes to the financial statements: Land held for long term capital appreciation- P1,000,000 Land held for a currently determined future use- P300,000 ...

what's the first step in building the income tax schedule

Sports? Yes No Yes 21 20 41 Arts? No 17 5 22 38 25 63 1. P(Sports) = 2. P(Yes Sports AND Yes Arts) = 3. P(Yes Sports OR Yes Arts) = 4. P(Yes Sports | Yes Arts) = 5. Are the events "participates in...