note or draft? Flashcards

1
Q

note

A

2 party instrument

maker promises to pay $ to payee

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2
Q

draft

A

3 party instrument

drawer orders drawee to pay $ to TP payee

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3
Q

contradictory terms

handwritten v type written

A

handwritten wins

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4
Q

contradictory terms

typewritten v printed

A

typewritten wins

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5
Q

contradictory terms

words v numbers

A

words win

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