Ollie Negotiates an Order Instrument to Phil by

question 14

Multiple Choice

Ollie negotiates an order instrument to Phil by

• A)assignment of its rights under a contract.
• B)delivery with any necessary indorsement.
• C)making an unconditional promise to pay.
• D)presenting it in response to a demand by B.

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Definitions:

Contracts

Legally binding agreements between two or more parties that outline terms, conditions, and obligations related to a specific transaction or service.

Customer

An individual or organization that purchases goods or services from a business, forming the basis for the business's revenue and market purpose.

Retailer

A business or person that sells goods to consumers for their personal or household use.

Brick and Mortar

Physical stores or establishments that are physically present in a building or location, as opposed to online or virtual.