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Dru Signs a Check Payable to Excel Services,Inc

Question 39

Multiple Choice

Dru signs a check payable to Excel Services,Inc. ,and gives it to Excel,leaving the amount blank but authorizing Excel to fill it in for $1,000.Excel fills in $1,500 and negotiates the check to Friendly Credit Corporation,an HDC.Friendly Credit can enforce the check for


A) $0.
B) $500.
C) $1,000.
D) $1,500.

Correct Answer:

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