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On May 1,Doug Signs a Check That Is Payable to the Order

Question 21

Multiple Choice

On May 1,Doug signs a check that is payable to the order of Employees Credit Corporation and that is dated July 1.This check is


A) negotiable.
B) nonnegotiable,because it is payable to a corporation.
C) nonnegotiable,because it is postdated.
D) nonnegotiable,because it is signed by the drawer.

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