Solved

Quincy Draws a Check Payable to "Replay Stadium" to Buy

Question 36

Multiple Choice

Quincy draws a check payable to "Replay Stadium" to buy two season tickets to the next year's State College football games.This instrument is

A) a bearer instrument.
B) an order instrument.
C) valid but nonnegotiable.
D) void.

Related Questions

Q15: A check is a time instrument because

Q26: For an instrument to be negotiable, it

Q31: Rainey signs a promissory note for $10,000

Q32: Rita owes $6,000 in unpaid taxes.In the

Q35: To finance the purchase of a car

Q37: An instrument is not negotiable if it

Q38: Bagels n' Coffee Café issues an instrument

Q39: To be negotiable, an order to pay

Q39: A mere reference in an instrument to

Q41: The accounting department of Delta Sales Company