Which of the following instruments would classify as a negotiable instrument?
A) A check that states, "Pay to the order of John Green."
B) A check payable to "X."
C) A check payable to "cash."
D) A blank check.
E) A $100 bill.

Question

Quizplus · Accepted Answer

A check that states, "Pay to the order of John Green." is a negotiable instrument because it meets the requirements of being a written promise to pay a certain sum of money, signed by the maker, and payable to the order of a specific person.

Which of the Following Instruments Would Classify as a Negotiable