Julie signs a check payable to the order of Kwik Mart Stores,Inc. ,that does not include a date.This check is
A)negotiable.
B)nonnegotiable,because it does not include a date.
C)nonnegotiable,because it is payable to a corporation.
D)nonnegotiable,because it is signed by the drawer.

Question

Quizplus · Accepted Answer

A check is negotiable as long as it contains the necessary elements, which include the payee's name, the drawer's signature, and the amount payable in words and figures. Although a date is recommended, it is not required for the check to be negotiable. Therefore, the lack of a date does not affect the negotiability of the check.

Julie Signs a Check Payable to the Order of Kwik