Asked by Noelle Leipold on Apr 25, 2024
The first delivery of an instrument by the maker or drawer for the purpose of giving rights in the instrument to any person is referred to as its demand .
First Delivery
The initial shipment or dispatch of goods from a seller to a buyer.
Instrument
A formal legal document that formally records a legally enforceable act, agreement, or right.
Maker
One who promises to pay a certain sum to the holder of a promissory note or certificate of deposit (CD).
- Identify and differentiate between various types of negotiable instruments, including promissory notes, drafts, and checks.
- Comprehend the roles and obligations of parties involved in negotiable instruments.
Learning Objectives
- Identify and differentiate between various types of negotiable instruments, including promissory notes, drafts, and checks.
- Comprehend the roles and obligations of parties involved in negotiable instruments.