The person who is expected to pay a draft or check must be named or otherwise indicated in the instrument with reasonable certainty for the instrument to be considered:
A) void.
B) negotiable.
C) voidable.
D) unenforceable.

Question

Quizplus · Accepted Answer

For an instrument to be considered negotiable, it must contain an unconditional promise or order to pay a fixed amount of money, the person who is expected to pay (the drawee or maker) must be named or otherwise indicated with reasonable certainty, and the instrument must be payable on demand or at a definite time. Therefore, the correct answer is B, as naming the person who is expected to pay with reasonable certainty is one of the key requirements for an instrument to be negotiable.

The Person Who Is Expected to Pay a Draft or Check