Besides Being Written, an Unconditional Order or Promise to Pay

question 311

Multiple Choice

Besides being written, an unconditional order or promise to pay, must be made out for a definite sum of money. To be negotiable under Article 3 of the UCC, an instrument also must meet which of the following requirements it:

• A) must be payable on demand or at a specified time period
• B) must be made out "to order" or "to bearer "
• C) must be signed by the maker or the drawer
• D) must be payable on demand or at a specified time period and must be signed by the maker or the drawer
• E) must be payable on demand or at a specified time period and must be signed by the maker or the drawer and must be made out "to order" or "to bearer"

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Definitions:

Environmental Forces

External factors such as social, economic, technological, competitive, and regulatory conditions that affect an organization's marketing decisions and performance.

Marketing Problem

A situation or issue that needs resolution for a business or brand to effectively reach its target market and achieve marketing objectives.

Marketing Mix

The set of tactical marketing tools - Product, Price, Place, and Promotion that the firm blends to produce the response it wants in the target market.

Controllable Factors

Elements in marketing or business operations that can be directly managed or influenced by a company, such as product design, pricing, and advertising.