A Payee Has No Rights in an Instrument Until

question 10

Multiple Choice

A payee has no rights in an instrument until:

• A) the drawer or the maker has delivered the instrument to the payee.
• B) an acceptor has been established.
• C) an accommodation party has signed the instrument.
• D) a guarantor has signed the instrument.

---

Definitions:

Poor Credentials

Refers to qualifications, certifications, or experiences that are considered inadequate or less respected within a professional context.

Reasonable Idea

A thought or suggestion that is sensible and likely to be accepted or agreed upon by most people.

Influence

The capacity to have an effect on the character, development, or behavior of someone or something.

Poorly Qualified Speaker

A poorly qualified speaker lacks the expertise, skills, or knowledge required to effectively communicate or present on a particular topic or to a certain audience.