An instrument is payable to order if it is payable:
A) to the order of an identified person.
B) to an identified person or order.
C) Both of these.
D) Neither of these.

Question

Quizplus · Accepted Answer

An instrument is payable to order if it is expressed to be so payable to an identified person or to the order of an identified person. Both A and B describe conditions where an instrument is considered payable to order, thus making C the correct answer.

An Instrument Is Payable to Order If It Is Payable