Question 7 25 25 pts negotiation is made on correct

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Question 7 2.5 / 2.5 pts Negotiation is made on ____________________. Correct! delivery watermarked paper a level playing field the completion of the seal
Question 8 2.5 / 2.5 pts In a transaction involving a negotiable instrument in commerce the bank is typically the _______________________.
Question 9 2.5 / 2.5 pts Holders in due course obtain rights superior to the original owner when ____________.
Question 10 2.5 / 2.5 pts A negotiable instrument must ______________________.
Question 11
2.5 / 2.5 pts Negotiable instruments require _______. a warning to the drawer be written on every instrument a flexible promise to pay Correct! an unconditional order to promise to pay a signature from the bank manager
Question 12 2.5 / 2.5 pts It is required that negotiable instruments have _______.
Question 13 2.5 / 2.5 pts ________ is another name for secondary liability.

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