Multiple Choice
The person who is expected to pay a draft or check must be named or otherwise indicated in the instrument with reasonable certainty for the instrument to be considered:
A) void.
B) negotiable.
C) voidable.
D) unenforceable.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q7: When the amount of a check expressed
Q8: All of the following are essential to
Q9: A system which allows a consumer to
Q10: An instruction a depositor gives to his
Q11: Commercial paper may be handwritten, printed, or
Q13: Commercially acceptable documents, such as notes, checks,
Q14: An instrument with an unconditional written promise
Q15: A cashier's check is drawn against the
Q16: Describe the rules and procedures for stopping
Q17: A _ provides a safe means of