Asked by kyaira jackson on Apr 24, 2024
Verified
A check is a special kind of draft, according to the UCC.
Special Kind
A unique or particular type or category that stands out from others.
Draft
An instrument validating an order by a drawer to a drawee to pay a payee.
UCC
The Uniform Commercial Code (UCC) is a comprehensive set of laws governing all commercial transactions in the United States, intended to standardize and simplify the laws across the states.
- Learn about the peculiar qualities and applications of assorted checks and negotiable instruments within the framework of the Uniform Commercial Code.
Verified Answer
KG
khushali Goyal7 days ago
Final Answer :
True
Explanation :
Under the Uniform Commercial Code (UCC), a check is considered a special form of draft that is drawn on a bank and payable on demand.
Learning Objectives
- Learn about the peculiar qualities and applications of assorted checks and negotiable instruments within the framework of the Uniform Commercial Code.
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