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:

Schizophrenia

A complex mental health disorder characterized by disruptions in thought processes, perceptions, emotional responsiveness, and social interactions.

Delusions

False beliefs held with strong conviction despite superior evidence to the contrary.

Hallucinations

False perceptions of objects or events involving the senses, without real external stimuli.

Cognitive-Behavioral Theorist

A professional in psychology who studies and applies theories related to cognitive-behavioral therapy, focusing on the relationship between thoughts, feelings, and behaviors in understanding and treating psychological disorders.