Question: Dart Multiple Choice-Circle the correct answer for each question. (2 points bints each) 1. A) An instrument that is an order by one party upon

Dart Multiple Choice-Circle the correct answer for each question. (2 points bints each) 1. A) An instrument that is an order by one party upon another party to pay a third party is promissory note. draft. bond. collateral note. To be negotiable, commercial paper must be signed by its maker. an unconditional promise to pay a sum certain. payable on demand or at a definite time. all of the above. Which of the following is not a type of commercial paper? certificate of deposit. bill of lading. draft. promissory note. A) Transferring non-negotiable commercial paper operates as a negotiation indorsement. accommodation. assignment. An indorsement must always be in ink. witnessed by at least two other people. either written on the instrument or an allonge. written twice wherever used. An indorsement containing the words "without recourse" is a blank. qualified. special. unqualified

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