Resources Inc. receives a check from Steel Products Company and indorses it with a stamped imprint of its name on the back. This converts the check to
A) a bearer instrument.
B) a non-transferable instrument.
C) an order instrument.
D) a special indorsement.
Correct Answer:
Verified
Q40: In terms of the requirements for HDC
Q41: Because a party's authenticating intent with respect
Q42: On the back of a check "payable
Q43: An instrument payable to two or more
Q44: To make Credit Bank a collecting agent
Q46: An instrument payable to two or more
Q47: On the back of a check payable
Q48: Coki receives a payroll check from Data
Q49: Edna is the payee of a bearer
Q50: Vel indorses in blank a check payable
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