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An instrument that is otherwise negotiable on its face states “Pay to William Chow.” Which of the following statements is(are) correct? I. It is negotiable if it is a check. II. It is negotiable if it is a draft drawn on a corporation. III. It is negotiable if it is a promissory note. A. II and III only. B. I, II, and III. C. I only. D. I and II only. |