Barry draws a check payable to "Cash" and presents it to Dollars & Sensestore for payment. This instrument is
A)a bearer instrument.
B)an order instrument.
C)valid but nonnegotiable.
D)void.

Question

Quizplus · Accepted Answer

A check payable to "cash" is considered a bearer instrument because it can be negotiated by anyone who possesses the physical check. The bearer of the instrument is the person entitled to receive payment.

Barry Draws a Check Payable to "Cash" and Presents It