Traveler's checks that commonly require,as a condition to payment,a countersignature of a person whose specimen signature appears on the draft.Traveler's checks are:
A)voidable.
B)negotiable.
C)nonnegotiable.
D)unenforceable.

Question

Quizplus · Accepted Answer

Revised Article 3 addresses the negotiability of traveler's checks that commonly require,as a condition to payment,a countersignature of a person whose specimen signature appears on the draft.Under the revision,the condition does not prevent the instrument from meeting the "unconditional promise or order" requirement.

Traveler's Checks That Commonly Require,as a Condition to Payment,a Countersignature