Under the Commercial Paper Article of the UCC, which of the following documents would be considered an order to pay. I. Draft II. Certificate of Deposit

Under the Commercial Paper Article of the UCC, which of the following documents would be considered an order to pay.


I. Draft
II. Certificate of Deposit


a. I only.
b. II only.
c. Both I and II.
d. Neither I nor II.



Answer: A


CPA Exam

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