Examlex
Perform the indicated operation. Where possible, reduce the answer to its lowest terms.
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Checks
Written, dated, and signed instruments that direct a bank to pay a specific sum of money from the drawer's account to the person or entity in whose name the check has been issued.
Notes
are written promises to pay a specified amount of money, either on demand or at a set time, to the person named on the document or to their bearer.
Article 3 Negotiability
The section of the Uniform Commercial Code that governs the negotiation and enforcement of negotiable instruments, such as checks or promissory notes.
Payable
Referring to money that is owed by one party to another and should be paid according to terms specified in a contract or agreement.
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