If an instrument is drawn in favor of a named officer of a corporation, the instrument is payable only to that officer. .

Question

Quizplus · Accepted Answer

When an instrument is drawn in favor of a named officer of a corporation, it is generally considered payable to the corporation rather than to the officer personally, unless there is clear evidence indicating that the payment is meant to be to the officer in a personal capacity.

If an Instrument Is Drawn in Favor of a Named