Barry Draws a Check Payable to "Cash" and Presents It

question 54

Multiple Choice

Barry draws a check payable to "Cash" and presents it to Dollars & Sensestore for payment. This instrument is

• A)a bearer instrument.
• B)an order instrument.
• C)valid but nonnegotiable.
• D)void.

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Definitions:

Sinkhole

A depression or hole in the ground caused by the collapse of a surface layer, often due to the dissolution of underlying limestone.

Groundwater

Subterranean water residing in the pores of soil and the fissures of geological formations.

Limestone

A sedimentary rock, primarily composed of calcium carbonate (CaCO3), formed mostly from marine organisms' skeletal fragments.

Dissolution

The process of a substance being dissolved by a solvent, leading to the formation of a solution.