When a specific payee is named in an instrument,this is known as a(n)________ instrument.
A)demand
B)order
C)conditional
D)bearer
E)qualified

Name: When a specific payee is named in an instrument,this is known as a(n)________ instrument. A)demand B)order C)conditional D)bearer E)qualified
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Question

Quizplus · Accepted Answer

According to Uniform Commercial Code Section 3-109(b),when a specific payee is named in an instrument,this is known as an order instrument.

When a Specific Payee Is Named in an Instrument,this Is