Which of the Following Has Been Held to Destroy the Negotiability

question 10

Multiple Choice

Which of the following has been held to destroy the negotiability of an instrument and to render its transfer a contractual assignment?

• A) "I wish you would pay."
• B) "Pay to the order of John Jones."
• C) "Pay bearer."
• D) "Please pay Sue Smith."

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Definitions:

Direct Materials

Raw materials that are directly used in the production of a product and can be easily traced back to the product.

Product Cost

The total amount of costs directly assigned to the creation of a product, including materials, labor, and overhead.

Operating Expenses

All the costs associated with the day-to-day operations of a business, excluding the direct costs of producing goods and services.

Current Liabilities

Short-term financial obligations that are due within one year or within the normal operating cycle of a business, including accounts payable, short-term loans, and taxes payable.