Multiple Choice
On May 1, Doug signs a check that is payable to the order of Excel Credit Corporation and that is dated July 1. This check is
A) negotiable.
B) nonnegotiable, because it is payable to Excel Credit Card Corporation.
C) nonnegotiable, because it is postdated.
D) nonnegotiable, because it is signed by Doug.
Correct Answer:
Verified
Correct Answer:
Verified
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