Fern has six nieces, ages five to sixteen. She writes an instrument for $50 that states, "Pay to the order of my niece." The instrument is

Name: Fern has six nieces, ages five to sixteen. She writes an instrument for $50 that states, "Pay to the order of my niece." The instrument is
Brand: Quizplus
Rating: 5.0 (53 reviews)

Question

Quizplus · Accepted Answer

The instrument is nonnegotiable because it lacks a specific payee, making it impossible to determine to whom the payment is to be made. Negotiable instruments must have a definite payee identified.

Fern Has Six Nieces, Ages Five to Sixteen