A ________ Is a Two-Party Instrument and a ________ Is

question 79

Multiple Choice

A ________ is a two-party instrument and a ________ is a three-party instrument.

• A) Note; check
• B) Note; draft
• C) Check; note
• D) Draft; note
• E) Check; draft

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Definitions:

Trade Name

The commercial name under which a business operates and is known to customers, distinct from the company's legal name.

Copyright

Legal protection granted to creators of original works, giving them exclusive rights to use, distribute, and reproduce their work for a certain period.

Franchisees

Individuals or entities that purchase the right to operate a business under the branding and business model of a franchisor.

Termination

The act of ending or concluding something, such as a contractual agreement, employment, or a legal entity.