Multiple Choice
Fact Pattern 26-1
Nina obtains a check payable to her order from Oran. Nina signs the back and gives the check to Patricia. Patricia writes "Pay to Patricia" above Nina's signature.
-Refer to Fact Pattern 26-A1. When Patricia writes "Pay to Patricia" above Nina's signature, the check becomes
A) a bearer instrument.
B) an order instrument.
C) a promissory note.
D) a stolen instrument.
Correct Answer:

Verified
Correct Answer:
Verified
Q2: Edna is the payee of a bearer
Q11: Under the UCC, a transfer of rights
Q12: An instrument can only be transferred by
Q13: Fact Pattern 26-1<br>Nina obtains a check payable
Q14: Beth, an accountant for Credits & Debits,
Q15: A holder takes an instrument for value
Q17: A transfer by assignment can make it
Q18: Rod negotiates a bearer instrument to Shauna
Q19: Raul wants to transfer a check to
Q21: Vicenzo, in good faith and for value,