menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Law for Business
  4. Exam
    Exam 38: Negotiable Instruments
  5. Question
    A Draft Is A
Solved

A Draft Is A

Question 15

Question 15

Multiple Choice

A draft is a:


A) two-party instrument.
B) three-party instrument.
C) single-party instrument.
D) non-negotiable instrument.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q14: Which of the following is true of

Q17: The attribute of negotiability means that commercial

Q18: What is the difference between a promissory

Q18: A term authorizing the confession of judgment

Q24: Nigel, a resident of North Carolina, sent

Q25: A teller's check is a:<br>A) draft drawn

Q33: Ricardo borrowed $5,000 from his friend, Lorenzo.

Q38: Which of the following statements is true

Q46: One of the basic requirements for an

Q48: A promise or order is "payable on

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2026) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines