Which of the following is an example of an order paper?
A) a check indorsed "pay to Josh"
B) a check payable to the order of Josh and indorsed in blank
C) a note payable to Josh and indorsed in blank
D) a note payable to bearer

Question

Quizplus · Accepted Answer

An order paper is a negotiable instrument that is payable to the order of a specific person. Option A describes a check that is indorsed to a specific person, making it an order paper.

Which of the Following Is an Example of an Order