Exam 24: Form and Content

Only a bank may serve as the maker of a certificate of a deposit.

Carlos wrote a check with the numbers $4500 and the written amount as forty-five dollars. Explain how the ambiguity will be resolved.

Who are the parties to checks and notes?

Which of the following will destroy negotiability?

The person who signs a note and promises to pay it is the maker.

Revised Article 3 eliminates the particular fund doctrine by providing that a promise or order is not made conditional because payment is to be made only out of a particular fund.

An instrument payable at a definite time is time paper.