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    Exam 20: Creation and Transfer of Negotiable Instruments
  5. Question
    An Instrument That Is Not Payable to a Specific Payee
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An Instrument That Is Not Payable to a Specific Payee

Question 33

Question 33

Multiple Choice

An instrument that is not payable to a specific payee or indorsee is ________.


A) legally unenforceable
B) a void contract
C) a voidable contract
D) order paper
E) bearer paper

Correct Answer:

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