If the payee of the instrument is not mentioned on the face of the instrument,it is considered nonnegotiable.
Correct Answer:
Verified
Q49: A(n) _ is type of instrument that
Q53: Rubber-stamps are not recognized as signing instruments
Q54: Which of the following is true of
Q61: A promise or an order becomes conditional
Q68: Instruments that are payable upon an uncertain
Q71: Promises to pay and orders to pay
Q74: Instruments that are payable on demand are
Q78: To qualify as a negotiable instrument, a
Q79: An acknowledgement of debt is sufficient to
Q80: How does an authorized representative's signature work
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents