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What is the definition of commercial paper?
pieces of paper that direct money from one person to another
What are the two types of Commercial Paper?
What is an Order?
What is a Promise?
What are the eight requirements for a Negotiable Instrument?
What is the Unconditional requirement of Negotiable Instrument?
(i) refer to accompanying loan/security agreement, or
(ii) limit payment to particular source
What is the Fixed Amount requirement of Negotiable Instrument?
Must be a definite amount (formulas are ok)
"Magic Words" necessary
What are the two types of Words of Negotiability?
What are the two Bearer Words of Negotiability?
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