buschapter22
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| show | A model code that establishes rules for the creation of, transfer of, enforcement of , and liability on negotiable instrument.
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| revised Article 3 | show 🗑
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| show | A three part instrument that is an unconditional written order by one party that orders the second party to pay money to the third
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| show | the person who writes an order for draft
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| drawee of a draft | show 🗑
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| show | the party who receives the money from the draft
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| time draft | show 🗑
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| show | a draft payable on sight also called a demand draft
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| trade acceptance | show 🗑
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| check | show 🗑
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| drawer of a check | show 🗑
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| drawee of check | show 🗑
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| payee of a check | show 🗑
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| show | A two Party negotiable instrument that is an unconditional written promise by one party to pay money to another party
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| Maker of a note | show 🗑
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| show | lender
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| show | A not payable at a specific time
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| demand note | show 🗑
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| show | Security against a payment
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| Certificate of Deposit | show 🗑
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| Maker of CD | show 🗑
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| Payee of a CD | show 🗑
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| show | A requirement of negotiable instruments that says they must be in a permanent state, such as written on ordinary paper
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| show | A requirement of negotiable instruments that says they must be able to be easily transported between areas
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| show | A negotiable instrument must be signed by the drawer or maker
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| show | A requirement that says a negotiable instrument must contain either an unconditional promise to pay
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| order to pay | show 🗑
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| Promise to pay | show 🗑
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| unconditional | show 🗑
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| fixed amount of money | show 🗑
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| show | a requirement of a negotiable instrument that ensures that the value of the instrument can be determined with certainty
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| demand instrument | show 🗑
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| show | an instrument payable
at a fixed date
on or before the start date
at a time readily ascertainable when the promise or order is issued
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| show | a contract that fails to meet the requirements of negotiable instrument and no subject to UCC article 3
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