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PROFESSOR: Mr. ____, what are the instances wherein a negotiable instrument may be payable on demand?
CLASSMATE: Section 7 provides for five instances wherein a negotiable instrument is payable on demand.
PROFESSOR: You say there are five. How come I have seven?
CLASSMATE: (glances down at the book)…. Ah, Ma’am, there are seven. I’m sorry I forgot to…highlight that part.
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