Multiple Choice
Which of the following does not fulfill the requirements of being payable to bearer according to t he UCC?
A) states it is payable to bearer or the order of bearer.
B) does not state a payee.
C) states it is payable to "cash" or to the order of "cash."
D) the payee's name is spelled wrong.
Correct Answer:
Verified
Correct Answer:
Verified
Q14: Explain the effect that a reference to
Q15: Bill goes to First Bank to get
Q16: All but which one of the following
Q17: Which article of the UCC governs "negotiable
Q18: An incomplete instrument is not negotiable. However,
Q20: Revised Article 3 eliminates the particular fund
Q21: Which of the following would not be
Q22: A cashier's check is a check drawn
Q23: Reed signed and delivered a negotiable promissory
Q24: Form of the document has no effect