Multiple Choice
Machine Shop Inc. issues a payroll check drawn on Nation Bank "payable to the order of O'Dell." O'Dell takes the check to the bank and delivers it to the teller without signing it. This is
A) an assignment.
B) a negotiation.
C) a bank transfer.
D) a trade acceptance.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q2: Edna is the payee of a bearer
Q3: To make Credit Bank a collecting agent
Q4: An insurance agent who receives a check
Q5: The assignee of a negotiable instrument receives
Q6: Farmers Field LLC negotiates a bearer instrument
Q8: Raul wants to transfer a check to
Q9: Rochelle fraudulently induces Sybil to sign a
Q10: A check payable to stacked payees is
Q11: Muni Investment Company signs a check payable
Q12: The holder of a note who needs