Joseph Obtains a Draft That States as Follows: "Pay to the Order

question 56

Multiple Choice

Joseph obtains a draft that states as follows: "pay to the order of Joseph Daniels the sum of $1000." Joseph wants to negotiate this instrument to Jack Spratt to pay a debt owing to Jack.To negotiate this instrument,Joseph must

• A)indicate accepted on the draft and then deliver it to Jack.
• B)endorse and deliver the instrument to Jack.
• C)present the instrument to Jack's bank and have it accepted and then transfer it to Jack.
• D)endorse and present the instrument to Jack's bank.
• E)hand over the draft to Jack and get a receipt.

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Definitions:

Human Toddlers

Young children typically aged between 1 and 3 years old, characterized by rapid physical and cognitive development, including walking and language acquisition.

Altruistic

Showing a selfless concern for the well-being of others, often at a personal cost.

Egoistic

Pertaining to selfish motivations or concerns, often at the expense of others' needs or feelings.

Normative

Relating to an ideal standard or model, or being based on what is considered to be the normal or correct way of doing something.