Sophie Issues a Promissory Note Made "Payable to the Order

question 18

Multiple Choice

Sophie issues a promissory note made "payable to the order of Molly." Molly indorses the note by signing her name and gives the note to Dana.Which of the following is correct?

• A)Sophie issued a bearer instrument,and Molly kept it in bearer form.
• B)Sophie issued an order instrument,but Molly changed it to bearer form.
• C)Sophie issued an order instrument,and Molly kept it in order form.
• D)Sophie issued a bearer instrument,and Molly changed it to bearer form.

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Definitions:

African Americans

A racial or ethnic group in the United States with ancestors who are predominantly from Sub-Saharan Africa.

Paranoid Disorders

Psychiatric conditions characterized by intense and irrational mistrust or suspicion, often without sufficient basis.

Whites

Refers to individuals of European descent; often used in the context of discussions about race, ethnicity, and social demographics.

Depressive Symptoms

Refers to signs of depression that can affect thoughts, feelings, and behaviors, such as persistent sadness, loss of interest, and fatigue.