An Instrument Can Be Made Payable to Two or More

question 34

True/False

An instrument can be made payable to two or more payees.

---

Definitions:

Partnership

When two or more people agree to contribute resources to start and operate a business together.

Contribute Resources

involves providing or dedicating assets or capabilities, such as time, money, or expertise, to support a project, initiative, or cause.

Angel Investor

A wealthy individual who provides capital for a business start-up, usually in exchange for convertible debt or ownership equity.

Life Cycle

The series of stages through which something (such as a product, organization, or project) passes during its lifetime, from inception to termination.