Julie signs a check payable to the order of Kwik Mart Stores, Inc., that does not include a date. This check is
A) negotiable.
B) nonnegotiable, because it does not include a date.
C) nonnegotiable, because it is payable to Kwik-Mart.
D) nonnegotiable, because it is signed by Julie.

Question

Quizplus · Accepted Answer

A check that does not include a date is still negotiable. The Uniform Commercial Code (UCC) states that if a check does not have a date, it is considered to be dated as of the day it is presented for payment. Therefore, as long as Kwik Mart Stores, Inc. is the named payee and the check is properly signed by Julie, it is a negotiable instrument.

Julie Signs a Check Payable to the Order of Kwik