Examlex
Choose the INCORRECT statement.
Electronic Note
A digital form of a promissory note or loan agreement, legally binding and used in financial transactions.
Negotiable Instrument
A documented promise to pay a certain sum of money, either when asked for or at a predetermined date.
Uniform Electronic Transactions Act
A legal framework adopted by some states that equates electronic signatures and records with paper ones, facilitating e-commerce and digital contracts.
Indorse
Indorse is an alternative spelling of endorse, typically referring to the act of signing the back of a negotiable instrument to make it payable to someone other than the designated payee.
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