Wayne Issues a Draft Payable to Molly

question 2

Multiple Choice

Wayne issues a draft payable to Molly.Molly indorses the draft in blank on the back and gives it to Jerry.Which of the following statements correctly describes the status of this instrument?

• A) The draft started out as bearer paper,but Molly converted it to order paper.
• B) The draft started out as order paper,but Molly converted it to bearer paper.
• C) The draft started out as bearer paper and it is still bearer paper.
• D) The draft started out as order paper and it is still order paper.

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Definitions:

Scale

A device or tool used for measuring weight or mass of objects or individuals.

Recur

Recur means to occur again or repeat after a period of absence, often used in the context of symptoms or conditions in medical discussions.

Point

A precise location or position in space, often used as a reference or for navigation.

Nonpharmacological Measures

Therapeutic approaches that do not involve medications to relieve symptoms, manage conditions, or improve wellbeing.