Which of the Following Has Been Held to Destroy the Negotiability

question 36

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) None of these.

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Definitions:

Marginal Cost

The expense incurred from the manufacture of an extra single unit of a product or service.

Monopolist

An individual or entity that has exclusive control over the supply of a particular good or service, allowing for the manipulation of prices.

Minimum Wage Law

Legislation that sets the lowest hourly wage rate that an employer can legally pay its workers.

Employment

The condition of having paid work or the total number of people currently employed in the economy.