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  2. Topic
    Business
  3. Study Set
    Fundamentals of Business Law Today
  4. Exam
    Exam 17: Negotiability, transferability, and Liability
  5. Question
    A Fictitious Payee Is a Payee on a Negotiable Instrument
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A Fictitious Payee Is a Payee on a Negotiable Instrument

Question 20

Question 20

True/False

A fictitious payee is a payee on a negotiable instrument whom the maker or drawer does not intend to have an interest in the instrument.

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