Which of the following does not fulfill the requirements of being payable to bearer according to t he UCC?
A) states it is payable to bearer or the order of bearer.
B) does not state a payee.
C) states it is payable to "cash" or to the order of "cash."
D) the payee's name is spelled wrong.

Question

Quizplus · Accepted Answer

Under the Uniform Commercial Code (UCC), for an instrument to be considered payable to bearer, it must either specify that it is payable to bearer or to the order of bearer, not specify a payee, or be payable to cash or the order of cash. A misspelling of the payee's name does not meet these criteria and does not automatically make an instrument payable to bearer.

Which of the Following Does Not Fulfill the Requirements of Being