Keanu delivers an instrument to Laura that states 'pay to the order of Laura'. Laura then presents the instrument to MegaBank for payment. This instrument is the most common type of negotiable instrument, which is
A) a certificate of deposit.
B) a check.
C) a note.
D) a payment via a mobile device.
Correct Answer:
Verified
Q5: The Uniform Commercial Code regulates checks.
Q26: A substitute check is a paper reproduction
Q26: A customer must examine a bank statement
Q30: Any local check deposited must be available
Q33: Drew signs a check "pay to the
Q41: Refer to Fact Pattern 15-1. When Britney
Q43: Tomas writes a check for $1,000 drawn
Q44: Riley pays State Bank $500 plus a
Q45: Refer to Fact Pattern 15-1. Britney is
Q46: Homer can write checks on his account
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents