Negotiable Instruments Article Review

Essay specific features

 

Issue:

Business

 

Written by:

Mohammad L

 

Date added:

June 10, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 372

 

Was viewed:

9660 times

 

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Essay content:

This Act allows the use of a substitute check as a negotiable instrument, rather than a paper check. The substitute check is a legal tender and the equivalent of a paper check as long as it fulfills two requirements. The first is that the substitute check must be an accurate representation of both the front and the back of the paper check...
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The first is that the substitute check must be an accurate representation of both the front and the back of the paper check. It must also include a legend stating that this substitute check may be used in the same way as the original check and that the substitute check should be considered a legal copy...
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