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Essay

The Universal commercial Code

Essay specific features

 

Issue:

Business

 

Written by:

Dora G

 

Date added:

November 25, 2015

 

Level:

University

 

Grade:

B

 

No of pages / words:

3 / 579

 

Was viewed:

8242 times

 

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Essay content:

Negotiable instruments written on paper satisfy these two requirements. The second requirement for negotiable instruments is that the maker or drawer signs them. Third, the instrument must also contain an unconditional promise or order to pay. Fourth, it must also contain a promise or order to pay a fixed amount of money...
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This means that the value must be fixed and that the debt will be paid with a legal form of money. Fifth, the negotiable instrument cannot require any other undertaking in addition to the payment of money. For example it cannot require the payment of money and the completion of some type of other service...
displayed 300 characters

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