Author Question: A negotiable instrument is a promise by one party to pay a undefined sum of money to another party. ... (Read 146 times)

Lisaclaire · **on:** Jun 24, 2018

A negotiable instrument is a promise by one party to pay a undefined sum of money to another party. There are two parties: the maker and the payee. While the amount to be paid may vary, the date of payment must be set at a specific time in the future.
a. True
b. False
Indicate whether the statement is true or false

Question 2

The first federal administrative agency was the Federal Trade Commission.
a. True
b. False
Indicate whether the statement is true or false