An Unconditional Written Promise Made by One Person to Another

question 13

Multiple Choice

An unconditional written promise made by one person to another, signed by the maker, that promises to pay on demand a specific sum of money to the bearer is a:

• A) nonnegotiable draft.
• B) bill of exchange.
• C) promissory note.
• D) certificate of deposit.

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Definitions:

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