Multiple Choice
Rachel's father gave her a check drawn on his checking account marked "payable to the order of Rachel Stern." This instrument is order paper,because:
A) the instrument uses the word "order."
B) the instrument names a specific payee.
C) the instrument was properly negotiated to Rachel.
D) the instrument was an order to pay cash.
Correct Answer:

Verified
Correct Answer:
Verified
Q73: Order paper that is indorsed in blank
Q74: What are the four categories of claims
Q75: Jackie Collins is issued a check payable
Q76: An instrument that is indorsed with a
Q77: Which of the following indorsements is a
Q79: In the case in the text General
Q80: On June 1,Mike writes a check payable
Q81: In which of the following situations is
Q82: In the case in the text Lehigh
Q83: Under Revised Article 3,a person is a(n)_