When a Negotiable Instrument Is Payable to Order, the Payee

question 12

True/False

When a negotiable instrument is payable to order, the payee need not be named.

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Definitions:

Abdomen

The part of the body that lies between the thorax (chest) and pelvis, housing many vital organs, including the stomach, liver, and intestines.

Large Intestine

The final section of the digestive system, responsible for absorbing water and electrolytes and forming and storing feces.

Digestion

The biological process by which food is broken down into smaller components, making nutrients available for absorption into the body.

Absorption

The process by which substances are taken up into or across tissues, such as the absorption of nutrients by the intestines.