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Distinguish negotiable instruments from non-negotiable

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Reference no: EM133247453

Explain the following statement/s not less than 5 sentences.

1. Distinguish negotiable instruments from non-negotiable instrument.

2. Define negotiation.

3. Define indorsement.

4. Who are the parties in a bill of exchange? Distinguish one from the other.

5. Distinguish bill of exchange from promissory note.

6. Who are the partied in a promissory note? Distinguish one from the other.

Reference no: EM133247453

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