17K views · 856 reactions | We break down UCC 3-102, clarifying negotiable instruments: unconditional promises vs. orders to pay. Understand the similarities and key differences, plus holder's options. #NegotiableInstruments #UCC3102 #LawExplained #FinanceExplained #PromiseToPay #OrderToPay #LegalAdvice #BankingLaw #Contracts #BusinessLaw | Brandon Joe Williams - Law Made Fun and Easy | Facebook
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17K views · 856 reactions | We break down UCC 3-102, clarifying negoti…
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What is a negotiable instrument? Definition and examples
What is a negotiable instrument? Definition and examples
6 months ago
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Read this carefully 📜💡 UCC §3-409 explains acceptance of a draft — and a money order is a negotiable instrument / draft. Once the drawee (the party required to pay, usually a bank or issuer) accepts the instrument, their signed acceptance becomes an agreement to pay the draft as presented. Acceptance doesn’t need fancy language — a signature alone can be enough, and it can occur even if the instrument is incomplete, overdue, or previously dishonored. This is key in commerce: when you properly
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Read this carefully 📜💡 UCC §3-409 explains acceptance of a draft — a…
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