An instrument that reads,"Pay to the order of Jones or Green," is payable to ________ payees.
A)Consecutive
B)Joint
C)Alternate
D)Concurrent
E)Alternative

Question

Quizplus · Accepted Answer

A)An instrument may be payable to alternative payees,as in "Pay to the order of
Jones or Smith."
B)An instrument may be payable to alternative payees,as in "Pay to the order of Jones or Smith."
C)An instrument may be payable to alternative payees,as in "Pay to the order of Jones or Smith."
D)An instrument may be payable to alternative payees,as in "Pay to the order of Jones or Smith."
E)An instrument may be payable to alternative payees,as in "Pay to the order of Jones or Smith."

An Instrument That Reads,"Pay to the Order of Jones or Green