When the Name of the Payee Is Spelled Incorrectly, the Payee

question 32

Multiple Choice

When the name of the payee is spelled incorrectly, the payee:

• A) must indorse the instrument with the incorrect spelling of the payee's name.
• B) must indorse the instrument with the correct spelling of the payee's name.
• C) may indorse the instrument with either the correct or incorrect spelling of the payee's name.
• D) may not indorse the instrument.

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Definitions:

Sandwich

A food item consisting of one or more types of food, such as meat, cheese, or vegetables, placed between slices of bread.

Atherosclerosis

Condition in which arteries stiffen, and the walls accumulate cholesterol and fat plaques, which reduce blood flow; a cause of heart disease.

Heart Disease

A range of conditions that affect the heart, including coronary artery disease, heart rhythm problems, and congenital heart defects.

Hostility

The expression of unfriendliness or opposition, often characterized by anger, aggression, or resentment towards others.