note or draft? Flashcards
1
Q
note
A
2 party instrument
maker promises to pay $ to payee
2
Q
draft
A
3 party instrument
drawer orders drawee to pay $ to TP payee
3
Q
contradictory terms
handwritten v type written
A
handwritten wins
4
Q
contradictory terms
typewritten v printed
A
typewritten wins
5
Q
contradictory terms
words v numbers
A
words win