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NORTH CAROLINA LAW REVIEW Volume 44 Number 3Article 3411966Article Three: Commercial Paper E. Cruder Paris Jr. Follow this and additional works at: http://scholarship.law.unc.edu/nclr Part of the
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Article three commercial paper is a legal document that represents a financial obligation between two parties.
Businesses or individuals engaging in financial transactions that involve commercial paper are required to file article three commercial paper.
Article three commercial paper should be filled out with information such as the amount of the financial obligation, the names of the parties involved, and the terms of the agreement.
The purpose of article three commercial paper is to establish a legal record of a financial transaction and the obligations of the parties involved.
Information such as the amount of the transaction, the date the obligation is due, the names and contact information of the parties, and any relevant terms and conditions must be reported on article three commercial paper.
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