Fallon Is Discussing with Lynne the Purposes of Negotiable Instruments

question 13

Multiple Choice

Fallon is discussing with Lynne the purposes of negotiable instruments for an upcoming test. Fallon indicates that for an instrument to be negotiable, the instrument must indicate that it was created for the purpose of being transferred, is he correct?

• A) Yes.
• B) No, it must have the words "pay to" on the document.
• C) No, the instrument must indicate which bank is to accept the instrument.
• D) No, the instrument must indicate the insurer's name on the instrument.
• E) No, there is nothing specific that must be on the instrument.

---

Definitions:

Proofing

The process of checking text in documents for errors in spelling, grammar, and syntax.

Query Wizard

A tool in database software that guides users through the process of creating a database query without requiring manual SQL coding.

Ribbon

In computing, the Ribbon is an interface feature where a set of toolbars are placed on tabs in a tab bar, commonly used in Microsoft Office products for easy access to functions.

Create

The action of bringing something into existence, such as a document, file, or database.