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    Exam 26: Negotiable Instruments: Negotiability and Transferability
  5. Question
    When a Specific Payee Is Named in an Instrument,the Instrument
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When a Specific Payee Is Named in an Instrument,the Instrument

Question 64

Question 64

Multiple Choice

When a specific payee is named in an instrument,the instrument is known as a[n] _____ instrument.


A) Demand
B) Order
C) Transactional
D) Bearer
E) Payor

Correct Answer:

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