978-0538496902 Chapter 29

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STUDENT _______________________________________ CLASS _______________________ DATE _________

ȱLESSONȱ29—1ȱQUIZȱ

LegalȱConceptsȱ

Directions:ȱInȱtheȱAnswersȱcolumn,ȱwriteȱtheȱletterȱfromȱColumnȱ1ȱthatȱrepresentsȱ

theȱwordȱorȱphraseȱthatȱmatchesȱtheȱstatementȱinȱColumnȱ2.ȱ

ȱColumnȱ1ȱȱColumnȱ2ȱAnswersȱ

ȱȱ 1.ȱPartyȱorderedȱtoȱpayȱaȱdraftȱ1. _______ ȱ

ȱȱ 2.ȱInstructionȱthatȱdirectsȱaȱbankȱnotȱtoȱȱ 2. _______ ȱ

payȱaȱcheckȱthatȱhasȱbeenȱlostȱorȱstolenȱ

ȱȱ 3.ȱPartyȱtoȱwhomȱcommercialȱpaperȱisȱȱ 3. _______ ȱ

madeȱavailableȱ

ȱȱ 4.ȱUnconditionalȱwrittenȱorderȱbyȱoneȱȱ 4. _______ ȱ

personȱthatȱdirectsȱanotherȱpersonȱtoȱpayȱ

moneyȱtoȱaȱthirdȱpersonȱ

ȱȱ 5.ȱTypeȱofȱdraftȱbyȱwhichȱaȱbankȱdepositorȱȱ 5. _______ ȱ

ordersȱtheȱbankȱtoȱpayȱmoney,ȱusuallyȱtoȱ

theȱorderȱofȱaȱthirdȱpartyȱorȱtoȱtheȱbearerȱofȱ

theȱinstrumentȱ

ȱȱ 6.ȱPersonȱwhoȱexecutesȱorȱdrawsȱtheȱdraftȱȱ 6. _______ ȱ

andȱordersȱpaymentȱtoȱbeȱmadeȱ

A.ȱdrawerȱ

B.ȱmakerȱ

C.ȱacceptanceȱ

D.ȱdishonorȱ

E.ȱcheckȱ

F.ȱcommercialȱȱ

ȱpaperȱ

G.ȱdraweeȱ

H.ȱstopȬpaymentȱȱ

ȱorderȱ

I.ȱpayeeȱ

.ȱbillȱofȱȱ

ȱexchangeȱ

ȱȱ 7.ȱTheȱdrawee’sȱpromiseȱtoȱpayȱtheȱdraftȱȱ 7. _______ ȱ

whenȱdueȱ

ȱȱ 8.ȱUnconditionalȱwrittenȱordersȱorȱpromisesȱȱ 8. _______ ȱ

toȱpayȱmoneyȱ

ȱȱ 9.ȱToȱrefuseȱtoȱpayȱwhenȱdueȱ9. _______ ȱ

ȱȱ 10.ȱPersonȱwhoȱexecutesȱaȱpromissoryȱȱ 10._______ ȱ

noteȱ

LegalȱApplicationȱ

11.ȱAdamȱThistlewaiteȱgaveȱaȱ$500ȱcheckȱtoȱhisȱsonȱatȱhisȱcollegeȱgraduation.ȱHisȱ

sonȱputȱtheȱcheckȱinȱaȱbriefcaseȱalongȱwithȱseveralȱotherȱcards.ȱHeȱlaterȱdiscovȬ

eredȱthatȱtheȱcheckȱwasȱmissing.ȱAdamȱcalledȱhisȱbankȱandȱaskedȱthemȱtoȱstopȱ

paymentȱonȱtheȱcheck.ȱWhenȱAdamȱreceivedȱhisȱmonthlyȱbankȱstatement,ȱtheȱ

missingȱcheckȱwasȱenclosed.ȱItȱhadȱbeenȱcashedȱthreeȱweeksȱafterȱAdam’sȱcall.ȱ

ShouldȱAdamȱorȱtheȱbankȱbearȱtheȱloss?ȱExplainȱyourȱanswer.ȱ

STUDENT _______________________________________ CLASS _______________________ DATE _________

ȱLESSONȱ29—1ȱPRACTICEȱACTIVITYȱ

Readȱtheȱfollowingȱcasesȱandȱanswerȱtheȱquestionsȱaboutȱthem.ȱAttachȱaȱpageȱifȱadditionalȱ

spaceȱisȱneededȱforȱanswers.ȱ

1.ȱKalbeȱsignedȱaȱcheckȱforȱ$7,260ȱdrawnȱonȱherȱaccountȱatȱPulaskiȱStateȱBank.ȱTheȱ

checkȱwasȱstolenȱandȱcashedȱatȱaȱFloridaȱbank.ȱPulaskiȱBankȱreceivedȱtheȱcheckȱ

shouldȱnotȱhaveȱpaidȱtheȱcheckȱifȱtheȱfundsȱwereȱnotȱinȱtheȱaccount.ȱWillȱKalbe’sȱ

argumentȱkeepȱherȱfromȱbeingȱliable?ȱExplain.ȱ[PulaskiȱStateȱBankȱv.ȱKalbe,ȱ364ȱ

2.ȱDuringȱaȱ1987ȱvisitȱtoȱtheȱBahamas,ȱGeorgeȱAubinȱofȱTexas,ȱaȱfrequentȱgambler,ȱ

visitedȱCableȱBeachȱHotelȱandȱCasino,ȱownedȱbyȱCarnivalȱLeisure.ȱAfterȱlosingȱ

allȱtheȱmoneyȱheȱbroughtȱwithȱhim,ȱGeorgeȱaskedȱforȱandȱreceivedȱ$25,000ȱsoȱ

markers,ȱGeorgeȱdidȱnotȱhaveȱtheȱmoneyȱinȱtheȱbankȱandȱitȱwasȱnotȱthereȱwhenȱ

CarnivalȱpresentedȱtheȱdraftȱtoȱGeorge’sȱbank.ȱCarnivalȱsuedȱforȱrepaymentȱofȱ

theȱdebt.ȱWillȱGeorgeȱbeatȱtheȱhouseȱandȱnotȱhaveȱtoȱpay?ȱExplain.ȱ[CarnivalȱLeiȬ

Chapter 29 Commercial Paper

7-2

STUDENT _______________________________________ CLASS _______________________ DATE _________

ȱLESSONȱ29—1ȱRETEACHȱ

Directions:ȱMakeȱaȱbingoȱsheetȱforȱeachȱstudentȱwithȱfourȱrowsȱandȱfourȱcolumnsȱasȱshown.ȱ

Writeȱoneȱtermȱinȱeachȱspaceȱandȱleaveȱoneȱspaceȱopenȱforȱaȱfreeȱspace.ȱMakeȱtheȱpositionȬ

ingȱofȱtheȱtermsȱdifferentȱonȱeachȱstudent’sȱsheet.ȱToȱsaveȱtime,ȱgiveȱtheȱstudentsȱblankȱbinȬ

goȱsheetsȱandȱletȱthemȱwriteȱtheȱtermsȱinȱtheȱspaces.ȱAsȱeachȱdefinitionȱisȱread,ȱtheȱstudentsȱ

shouldȱcoverȱtheȱappropriateȱterm.ȱIfȱaȱstudentȱcoversȱanȱincorrectȱterm,ȱheȱorȱsheȱmustȱreȬ

moveȱthatȱbingoȱchip.ȱTheȱgameȱcontinuesȱuntilȱaȱstudentȱcoversȱfourȱtermsȱinȱaȱhorizontal,ȱ

vertical,ȱorȱdiagonalȱrow.ȱ

drawerȱcheckȱpayeeȱhonorȱ

makerȱcommercialȱȱ

[FreeȱSpace]ȱcertificateȱofȱdeȬ

orderȱ

Definitionsȱtoȱreadȱtoȱstudentsȱinȱanyȱorder:ȱ

Anȱunconditionalȱwrittenȱpromiseȱbyȱaȱpersonȱorȱpersonsȱtoȱpayȱmoneyȱ

accordingȱtoȱtheȱpayee’sȱorderȱorȱtoȱpayȱmoneyȱtoȱtheȱbearerȱofȱtheȱinȬ

strumentȱ

promissoryȱnoteȱ

Anȱinstructionȱthatȱdirectsȱaȱbankȱnotȱtoȱpayȱaȱcheckȱthatȱhasȱȱ

beenȱlostȱorȱstolenȱ

stopȬpaymentȱorderȱ

Aȱpartyȱtoȱwhomȱcommercialȱpaperȱisȱmadeȱavailableȱpayeeȱ

Chapter 29 Commercial Paper 7-3

ȱLESSONȱ29—1ȱENRICHMENTȱ

Inȱthisȱlesson,ȱyouȱlearnedȱaboutȱvariousȱtypesȱofȱcommercialȱpaper—unconditionalȱ

writtenȱordersȱorȱpromisesȱtoȱpayȱmoney.ȱFourȱimportantȱexamplesȱareȱdrafts,ȱ

checks,ȱpromissoryȱnotes,ȱandȱcertificatesȱofȱdeposit.ȱToȱlearnȱmoreȱaboutȱtheseȱdifȬ

ferentȱformsȱofȱcommercialȱpaper,ȱcheckȱwithȱaȱbankȱinȱyourȱcommunity,ȱandȱobȬ

tainȱtheȱanswersȱtoȱtheȱquestionsȱbelow.ȱ

1.ȱWhatȱareȱtheȱvariousȱtypesȱofȱcheckingȱaccountsȱavailableȱatȱtheȱbank?ȱAreȱacȬ

countsȱavailableȱwithȱvariousȱminimumȱlevels?ȱDoȱsomeȱtypesȱofȱaccountsȱpayȱ

moreȱinterestȱthanȱothers?ȱWhatȱfeesȱareȱinvolvedȱifȱyouȱoverdrawȱyourȱacȬ

count?ȱAreȱthereȱanyȱotherȱfeesȱthatȱcouldȱbeȱincurredȱwithȱaȱcheckingȱaccount?ȱ

2.ȱHowȱwouldȱyouȱinstructȱaȱbankȱtoȱissueȱaȱstopȬpaymentȱorderȱonȱaȱspecificȱ

check?ȱ

3.ȱDoesȱtheȱbankȱrequireȱthatȱaȱborrowerȱofferȱsomeȱtypeȱofȱpersonalȱorȱrealȱpropȬ

ertyȱasȱsecurityȱbeforeȱlendingȱmoneyȱforȱaȱpromissoryȱnote?ȱ

4.ȱWhatȱareȱtheȱcurrentȱinterestȱratesȱforȱcertificatesȱofȱdepositsȱ(CDs)ȱofȱvaryingȱ

lengthsȱofȱmaturity?ȱWhatȱsortȱofȱpenaltyȱwouldȱyouȱreceiveȱifȱyouȱwithdrewȱ

yourȱfundsȱbeforeȱmaturity?ȱ

Chapter 29 Commercial Paper

7-4

STUDENT _______________________________________ CLASS _______________________ DATE _________

ȱLESSONȱ29—2ȱQUIZȱ

Directions:ȱFillȱinȱtheȱblank(s)ȱwithȱtheȱmostȱappropriateȱtermȱorȱphraseȱtoȱcompleteȱ

theȱsentence.ȱ

Answersȱ

ȱȱ1.ȱ ȱȱȱȱȱȱȱȱȱȱ?ȱȱȱȱȱȱȱȱareȱspecializedȱtypesȱofȱcommercialȱȱȱ

paperȱusedȱinȱinternationalȱtransactions.ȱ

ȱȱ1.__________________ȱ

ȱȱ2.ȱAȱdraftȱdrawnȱbyȱaȱbankȱonȱfundsȱthatȱitȱhasȱȱȱ

onȱdepositȱatȱanotherȱbankȱisȱa(n)ȱȱȱȱȱȱȱȱȱ?ȱȱȱȱȱȱȱȱcheck.ȱ

ȱȱ2.__________________ȱ

ȱȱ3.ȱAȱpersonalȱcheckȱthatȱhasȱbeenȱacceptedȱbyȱaȱȱ ȱȱ

bankȱbeforeȱpaymentȱisȱa(n)ȱȱȱȱȱȱȱȱȱ?ȱȱȱȱȱȱȱȱcheck.ȱ

ȱȱ3.__________________ȱ

ȱȱ4.ȱ ȱȱȱȱȱȱȱȱ?ȱȱȱȱȱȱȱȱlettersȱofȱcreditȱareȱusedȱinȱtransacȬȱ ȱȱ

tionsȱinvolvingȱtheȱsaleȱofȱgoods.ȱ

ȱȱ4.__________________ȱ

ȱȱ5.ȱAȱpersonȱmayȱfearȱthatȱaȱbankȱwillȱnotȱhonorȱaȱȱ ȱȱ

checkȱbecauseȱofȱȱȱȱȱȱȱȱȱ?ȱȱȱȱȱȱȱȱinȱtheȱdrawer’sȱaccount.ȱ

ȱȱ5.__________________ȱ

ȱȱ6.ȱ ȱȱȱȱȱȱȱȱ?ȱȱȱȱȱȱȱȱlettersȱofȱcreditȱareȱusedȱtoȱguaranteeȱthatȱaȱ

partyȱwillȱfulfillȱmonetaryȱobligationsȱinvolvingȱconȬ

struction,ȱservice,ȱorȱsalesȱcontracts.ȱ

ȱȱ6.__________________ȱ

ȱȱ7.ȱAȱcheckȱthatȱaȱbankȱdrawsȱonȱitselfȱisȱa(n)ȱȱ ȱȱ

ȱȱȱȱȱȱȱȱ?ȱȱȱȱȱȱȱȱcheck.ȱ

ȱȱ7.__________________ȱ

ȱȱ8.ȱA(n)ȱȱȱȱȱȱȱȱ?ȱȱȱȱȱȱȱȱisȱaȱdraftȱissuedȱbyȱaȱpostȱoffice,ȱȱ ȱȱ

bank,ȱexpressȱcompany,ȱorȱtelegraphȱcompanyȱforȱ

useȱinȱpayingȱorȱtransferringȱfundsȱforȱtheȱpurchaser.ȱ

ȱȱ8.__________________ȱ

ȱȱ9.ȱA(n)ȱȱȱȱȱȱȱȱȱ?ȱȱȱȱȱȱȱȱcheckȱisȱaȱdraftȱdrawnȱbyȱaȱȱ ȱȱ

wellȬknownȱfinancialȱinstitutionȱonȱitselfȱorȱitsȱagent.ȱ

ȱȱ9.__________________ȱ

LegalȱApplicationsȱ

10.ȱDustinȱdoesȱnotȱhaveȱaȱcheckingȱaccount,ȱbutȱheȱwouldȱlikeȱtoȱorderȱaȱpairȱofȱ

binocularsȱfromȱaȱmailȬorderȱcompany.ȱWhatȱmeansȱofȱpaymentȱwouldȱyouȱrecȬ

ommendȱtoȱhim?ȱExplainȱyourȱanswer.ȱ

11.ȱFirstȱFederalȱBankȱofȱMorrisvilleȱwasȱremodeledȱatȱaȱcostȱofȱ$550,000.ȱTheȱbankȱ

hasȱonlyȱ$400,000ȱonȱhandȱtoȱpayȱtheȱremodelingȱcontractor.ȱPriorȱtoȱconstrucȬ

tion,ȱFirstȱFederalȱhadȱdepositedȱ$500,000ȱinȱLaurelȱBank.ȱHowȱwillȱFirstȱFederalȱ

likelyȱpayȱtheȱremainingȱ$150,000ȱtoȱtheȱcontractor?ȱExplainȱyourȱanswer.ȱ

STUDENT _______________________________________ CLASS _______________________ DATE _________

ȱLESSONȱ29—2ȱPRACTICEȱACTIVITYȱ

Readȱtheȱfollowingȱcasesȱandȱanswerȱtheȱquestionsȱaboutȱthem.ȱAttachȱaȱpageȱifȱadditionalȱ

spaceȱisȱneededȱforȱanswers.ȱ

1.ȱMerchantileȱBankȱissuedȱaȱcashier’sȱcheck.ȱTheȱcheckȱwasȱtransferredȱtoȱEQR.ȱ

EQRȱdepositedȱtheȱcheckȱwithȱBoatmen’sȱNationalȱBank.ȱMerchantileȱrefusedȱtoȱ

EQRȱsuedȱBoatmen’sȱforȱdoingȱso.ȱIsȱBoatmen’sȱliable?ȱExplain.ȱ[Environmentalȱ

1989)]ȱ

2.ȱJuneȱ1964,ȱThomasȱCookȱ&ȱSonsȱ(bankers)ȱsoldȱandȱdeliveredȱtoȱMr.ȱandȱMrs.ȱ

Kochtonȱ$25,000ȱinȱtravelersȱchecksȱinȱChicago,ȱIllinois.ȱMr.ȱKochtonȱsignedȱoneȱ

halfȱofȱtheȱchecks,ȱbutȱMrs.ȱKochtonȱwasȱnotȱhomeȱandȱfailedȱtoȱsignȱherȱhalfȱbeȬ

foreȱleavingȱonȱherȱtripȱtoȱTahitiȱwithȱtheȱchecks.ȱTheȱchecksȱwereȱstolenȱinȱTaȬ

1967,ȱAshfordȱtraveledȱtoȱHawaiiȱwhereȱheȱdepositedȱtheȱtravelersȱchecksȱwithȱ

theȱLibertyȱBank.ȱWhenȱLibertyȱtriedȱtoȱcollect,ȱtheȱtravelersȱchecksȱwereȱdisȬ

honored,ȱandȱAshford’sȱaccountȱwasȱdebited.ȱAshfordȱbroughtȱsuitȱagainstȱ

Cookȱ&ȱSons.ȱWillȱheȱwin?ȱExplain.ȱ[Ashfordȱv.ȱThos.ȱCookȱ&ȱSons,ȱ471ȱP.ȱ2dȱ530ȱ

Chapter 29 Commercial Paper

7-6

STUDENT _______________________________________ CLASS _______________________ DATE _________

ȱLESSONȱ29—2ȱRETEACHȱ

Directions:ȱWriteȱtheȱanswersȱtoȱQuestionsȱ1–7ȱonȱtheȱblanksȱprovided.ȱTheȱanswerȱ

toȱQuestionȱ8ȱshouldȱappearȱinȱtheȱverticalȱboxes.ȱ

ȱȱ 8.ȱ

1.ȱȱ __ȱ__ȱ__ȱȱ__ȱ__ȱ__ȱ__ȱ__ȱ

2.ȱȱ __ȱ__ȱ__ȱ__ȱ__ȱȱ__ȱ__ȱ__ȱ__ȱ__ȱ

4.ȱȱ ȱ__ȱ__ȱ__ȱ__ȱ__ȱ__ȱ__ȱ__ȱ__ȱ__ȱ__ȱ__ȱ__ȱ__ȱ

6.ȱȱ__ȱ__ȱ__ȱ__ȱ__ȱ__ȱȱ__ȱ__ȱ__ȱ

7.ȱȱ ȱ__ȱ__ȱ__ȱ__ȱ__ȱ__ȱ

1.ȱCheckȱthatȱhasȱbeenȱacceptedȱbyȱaȱbankȱbeforeȱpaymentȱ

2.ȱTypeȱofȱletterȱofȱcreditȱthatȱisȱusedȱinȱtransactionsȱinvolvingȱtheȱsaleȱofȱgoodsȱ

3.ȱTypeȱofȱcheckȱthatȱisȱdrawnȱbyȱaȱwellȬknownȱfinancialȱinstitutionȱonȱitselfȱorȱitsȱ

agentȱ

5.ȱCheckȱthatȱaȱbankȱdrawȱonȱitselfȱ

6.ȱDraftȱthatȱisȱissuedȱbyȱaȱpostȱofficeȱorȱanȱexpressȱcompanyȱ

7.ȱLetterȱofȱcreditȱisȱusedȱtoȱguaranteeȱthatȱaȱpartyȱwillȱfulfillȱmonetaryȱobligationsȱ

involvingȱconstruction,ȱservice,ȱorȱsalesȱcontractsȱ

8.ȱCheckȱthatȱisȱdrawnȱbyȱaȱbankȱonȱfundsȱthatȱitȱhasȱonȱdepositȱatȱanotherȱbankȱ

Chapter 29 Commercial Paper 7-7

STUDENT _______________________________________ CLASS _______________________ DATE _________

ȱLESSONȱ29—2ȱENRICHMENTȱ

Specializedȱformsȱofȱcommercialȱpaperȱwereȱdiscussedȱinȱthisȱlesson.ȱTheseȱincludeȱ

certifiedȱchecks,ȱcashier’sȱchecks,ȱteller’sȱchecks,ȱmoneyȱorders,ȱandȱtraveler’sȱ

checks.ȱAsȱinȱtheȱpreviousȱlesson’sȱEnrichmentȱActivity,ȱlearnȱmoreȱaboutȱhowȱtoȱ

obtainȱtheseȱtypesȱofȱcommercialȱpaperȱbyȱcheckingȱwithȱaȱlocalȱbank.ȱObtainȱtheȱ

answersȱtoȱtheȱfollowingȱquestions.ȱ

1.ȱThinkȱofȱanȱexampleȱofȱwhyȱyouȱmightȱneedȱaȱcertifiedȱcheck.ȱHowȱwouldȱyouȱ

goȱaboutȱobtainingȱoneȱatȱyourȱbank?ȱIsȱthereȱaȱfeeȱforȱtheȱcheck?ȱ

2.ȱThinkȱofȱanȱoccasionȱwhenȱyouȱmightȱneedȱaȱcashier’sȱcheck.ȱHowȱwouldȱyouȱ

goȱaboutȱobtainingȱoneȱatȱyourȱbank?ȱAreȱanyȱfeesȱinvolved?ȱ

3.ȱForȱwhatȱpurposeȱmightȱyouȱwantȱtoȱobtainȱaȱmoneyȱorder?ȱWhereȱcanȱyouȱ

purchaseȱaȱmoneyȱorderȱinȱyourȱcommunity?ȱWhatȱisȱtheȱfeeȱtoȱpurchaseȱtheȱ

moneyȱorder?ȱ

4.ȱImagineȱthatȱyouȱareȱplanningȱanȱinternationalȱvacationȱandȱwantȱtoȱpurchaseȱ

traveler’sȱchecks.ȱHowȱwouldȱyouȱgoȱaboutȱobtainingȱtheseȱchecks?ȱAreȱthereȱ

anyȱfeesȱinvolved?ȱHowȱdoȱyouȱuseȱtheȱchecksȱonceȱyouȱarriveȱatȱyourȱdestinaȬ

tion?ȱ

Chapter 29 Commercial Paper

7-8

STUDENT _______________________________________ CLASS _______________________ DATE _________

TESTȱ

CHAPTERȱ29ȱ

SECTION I—IDENTIFY LEGAL TERMS

Directions:ȱPlaceȱaȱTȱforȱTrueȱorȱanȱFȱforȱFalseȱinȱtheȱAnswersȱcolumnȱtoȱshowȱ

hetherȱeachȱofȱtheȱfollowingȱstatementsȱisȱtrueȱorȱfalse.ȱw

Answers

.ȱTheȱnoteȱisȱtheȱmostȱcommonȱformȱofȱcommercialȱpaper.ȱ

.ȱBanksȱareȱdebtorsȱofȱtheȱdepositors.ȱ

3.ȱAnȱinstrumentȱthatȱreadsȱ“PayȱtoȱtheȱorderȱofȱAnitaȱKeysȱafterȱdeȬ

liveryȱofȱnecklace”ȱisȱnotȱenforceableȱasȱcommercialȱpaper.ȱ

.ȱAnȱIOUȱisȱenforceableȱasȱcommercialȱpaper.ȱ

5.ȱChecksȱcanȱonlyȱbeȱwrittenȱonȱspecialȱformsȱthatȱareȱmagneticallyȱ

encodedȱtoȱsimplifyȱcheckȱprocessingȱforȱtheȱbankingȱsystem.ȱ

6.ȱStopȱpaymentȱordersȱareȱgoodȱforȱsixȱmonthsȱwhetherȱtheyȱbeȱoralȱ

orȱwritten.ȱ

8.ȱInterestȱratesȱonȱCDsȱareȱusuallyȱsignificantlyȱhigherȱthanȱtheȱratesȱ

onȱsavingsȱorȱcheckingȱaccounts.ȱ

9.ȱAȱcashier’sȱcheckȱisȱaȱpersonalȱcheckȱthatȱhasȱbeenȱacceptedȱbyȱaȱ

bankȱbeforeȱpayment.ȱ

10.ȱPersonsȱwhoȱdoȱnotȱhaveȱcheckingȱaccountsȱuseȱlettersȱofȱcredit.ȱ

ȱ1.ȱȱ ȱ

ȱ2.ȱȱ ȱ

ȱ3.ȱȱ ȱ

ȱ4.ȱȱ ȱ

ȱ5.ȱȱ ȱ

ȱ6.ȱȱ ȱ

ȱ8.ȱȱ ȱ

ȱ9.ȱȱ ȱ

ȱȱ

ȱ10.ȱȱ ȱ

Chapter 29 Commercial Paper 7-9