Will signs a check payable to "X" and gives it to Yves. This check is
A) negotiable.
B) nonnegotiable, because it does not indicate a specific payee.
C) nonnegotiable, because obviously it was executed as a joke.
D) nonnegotiable, because "Yves" is not "X."

Question

Quizplus · Accepted Answer

The check is negotiable because it is payable to "X," which can be interpreted as a blank or bearer check, meaning it can be negotiated by anyone who possesses it.

Will Signs a Check Payable to "X" and Gives It