On May 1,Doug signs a check that is payable to the order of Extra Credit Corporation and that is dated July 1.This check is

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The check is signed by Doug, which means he has authorized payment to Extra Credit Corporation. The fact that it is postdated (dated for a future date) does not affect its negotiability. As long as the payee (Extra Credit Corporation) endorses the check, it can be cashed or deposited before the date written on it. Therefore, the check is negotiable.

On May 1,Doug Signs a Check That Is Payable to the Order