A check "payable to the order of bearer" is neither an order instrument nor a bearer instrument.
Correct Answer:
Verified
Q20: A conditional promise to pay is not
Q20: An undated instrument is not negotiable.
Q23: An instrument that states simply "I.O.U." is
Q27: Stating on an instrument that it is
Q29: To be negotiable, an instrument must include
Q30: An acceptor is a drawee who has
Q31: A notation on a check that it
Q33: A promissory note is not negotiable if
Q37: An instrument payable "with interest" must specify
Q40: An instrument that promises to pay "in
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