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Choose the One Most Appropriate Answer for Each

question 7

Multiple Choice

Choose the one most appropriate answer for each.
-Oviduct


Definitions:

Payment

The transfer of money, goods, or services as compensation or fulfillment of an obligation.

Demand Instrument

A type of draft that allows the payee to demand payment at any time from a holder.

Payee

The individual or entity to whom a payment is to be made or who will receive the payment.

Subsequent Holder

An individual or entity that acquires a negotiable instrument after it has been initially issued.

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