1 compare and contrast drafts and promissory notes be sure, Ask an Expert

Finance

1) Compare and Contrast Drafts and Promissory Notes. Be sure to include the identity of the parties on both instruments.

2) In order to make a Draft or a Note an acceptable cash equivalent for commercial transactions, the paper must

a) Have all of the magical ingredients on its face (qualify as a negotiable instrument)

b) Be transferred in a magical way (negotiated)

c) to a person with magical powers (Holder in Due Course).

Six requirements for (a)...what are they?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91737221

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