To pay for a previous order of apples,oranges and pears,Bella signs a check that is payable to 'Sweet Fruit Co.or order.' This check is
A) negotiable.
B) nonnegotiable,because it is not payable to a specific person.
C) nonnegotiable,because it is not payable 'to the order of Sweet Fruit Co.'.
D) nonnegotiable,because it is issued to pay for a previous order.
Correct Answer:
Verified
Q24: Petra signs a check payable to Quincy,who
Q27: Ollie negotiates an order instrument to Phil
Q31: Vladimir negotiates a bearer instrument to Wendy
Q42: Fred has six nieces, ages five to
Q54: On the back of a check payable
Q60: Efron transfers an instrument to First Citizens
Q65: On the back of an envelope, Phoebe
Q67: Todd indorses a check,"Pay to Interstate Trucking
Q69: On a sheet of paper, Elle writes,
Q71: Tyrone draws a check payable to "Cash"
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