A Draft Is Payable "To the Order of Joe Jones

question 25

Multiple Choice

A draft is payable "to the order of Joe Jones or to bearer." Sally finds it and demands payment.Should the drawer pay Sally?

• A) No,unless Joe Jones' name is crossed off
• B) No,unless "bearer" is handwritten
• C) Yes,an instrument made payable both to order and to bearer is payable to bearer
• D) Yes,since the instrument is ambiguous,Joe Jones has no right to payment and only the bearer has the right to demand payment

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Definitions:

Retinal Ganglion Cells

Neurons located in the retina of the eye that receive visual information from photoreceptors and transmit it to the brain.

Bipolar Cells

A type of neuron in the retina that conveys signals from the photoreceptors to the ganglion cells, directly involved in visual processing.

Horizontal Cells

Neurons located in the retina that help integrate and regulate the input from multiple photoreceptor cells, contributing to visual processing.

Eyeballs

The organs of vision located in the eye sockets of the skull, allowing for sight by responding to light.