A Fictitious Payee Is a Payee on a Negotiable Instrument

question 20

True/False

A fictitious payee is a payee on a negotiable instrument whom the maker or drawer does not intend to have an interest in the instrument.

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Definitions:

Ethnic Groups

Communities or populations sharing common cultural traits, ancestry, language, history, and sometimes physical characteristics.

Alcoholism

A chronic condition characterized by an uncontrollable urge to consume alcohol despite adverse consequences to health, social life, and personal responsibilities.

Italian and Chinese Americans

American citizens or residents of Italian or Chinese descent, often with a heritage that influences their cultural practices.

Drinking Increase

A rise in the consumption of alcoholic beverages within a specific population or over time.