An instrument is payable to order if it is payable:
A)to the order of an identified person.
B)to an identified person or order.
C)Both of the above.
D)None of the above.

Question

Quizplus · Accepted Answer

An instrument is payable to order if it is payable either to the order of an identified person or to an identified person or order. Therefore, both choices A and B are correct and the answer is choice C.

An Instrument Is Payable to Order If It Is Payable