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A Traveler's Check That Requires, as a Condition to Payment

Question 42

Multiple Choice

A traveler's check that requires, as a condition to payment, the countersignature of a person whose specimen signature appears on the draft is:


A) negotiable.
B) not negotiable.
C) negotiable only if it is payable "to cash."
D) not negotiable only if it is payable "at sight."

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