Multiple Choice
Carl writes a check made payable to "Patricia Sullivan or William Hayes." Who may negotiate the check?
A) Neither Patricia nor William,because the check is unenforceable.
B) Patricia,because she is the first named party to whom the check is made payable.
C) William,because he is the last named party to whom the check is made payable.
D) Either Patricia or William may negotiate the check.
Correct Answer:

Verified
Correct Answer:
Verified
Q17: Marion purchased a digital camera,paying with a
Q18: Jack writes a check made payable to
Q19: Which of the following instruments is nonnegotiable?<br>A)"I
Q20: For an instrument to be negotiable,it must:<br>A)contain
Q21: As demonstrated in Pelican National Bank v.Provident
Q23: Which of the following statements about the
Q24: The requirement that,to be negotiable,an instrument must
Q25: There are two types of negotiable instruments.
Q26: The term commercial paper is defined as
Q27: Except for _,to be negotiable an instrument