The Japanese Commercial Code does not recognize ________ but recognizes the legal concept of ________.

A) checks and bonds, shoken yuka
B) negotiable instruments, yuka shoken
C) commercial papers, securities equities
D) negotiable instruments, equitable securities
E) investment securities, yuka shoken

Negotiable Instruments

Financial documents that guarantee the payment of a specified amount of money, either on demand or at a set time, with the payer named on the document.

Japanese Commercial Code

is a collection of laws that governs commercial transactions in Japan, including company law, commercial paper, and bankruptcy proceedings.