Commercial Law, 2012 Bar — Question 21

MULTIPLE CHOICE

Negotiable instruments are used as substitutes for money, which means — A) that they can be considered legal tender. B) that when negotiated, they can be used to pay indebtedness. C) that at all times the delivery of the instrument is equivalent to delivery of the cash. D) that at all times negotiation of the instruments requires proper indorsement.

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