Asked by Alyssa Grant on Jul 28, 2024
Verified
In India, unlike in the United States, money orders may be issued only by the post office.
Money Orders
A payment order for a pre-specified amount of money, often used as a safer alternative to cash or personal checks.
Post Office
A government-operated institution responsible for mail distribution and various postal services.
India
A country located in South Asia, known for its diverse culture, languages, and history, and as the world's largest democracy by electorate.
- Understand the unique characteristics and functions of different types of checks and negotiable instruments under the UCC.
Verified Answer
AA
andres alcalaJul 30, 2024
Final Answer :
True
Explanation :
In India, money orders are traditionally issued by the post office, unlike in the United States where money orders can be purchased from various sources including banks, convenience stores, and the post office.
Learning Objectives
- Understand the unique characteristics and functions of different types of checks and negotiable instruments under the UCC.
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