In what ways is a negotiable instrument a substitute for cash? In

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After a sales contract is formed, it is up to the buyer to pay for their purchase. Payments usually occur in one of three ways: cash, credit, or a substitute for cash. It is the substitute for cash that requires negotiable instruments. Why is it important to have the option of a substitute for cash as payment in a contract? In what ways is a negotiable instrument a substitute for cash? In what ways is cash a superior form of payment? In what ways is a negotiable instrument a superior form of payment?

Textbook
Dynamic Business Law
Edition: 5th
Author:Nancy Kubasek

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