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If One Instrument Stated,"Pay to the Order of IBM," and the Other

Question 18

Multiple Choice

If one instrument stated,"Pay to the Order of IBM," and the other stated,"Pay to IBM," which instrument would be negotiable?


A) Both would be negotiable instruments.
B) Neither would be a negotiable instrument.
C) "Pay to the Order of IBM" creates a negotiable instrument.
D) "Pay to IBM" creates a negotiable instrument.

Correct Answer:

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