Ahmed Cohen Received a Check for $5,000 for a Used

question 41

Multiple Choice

Ahmed Cohen received a check for $5,000 for a used car he sold.The check was marked "pay to the order of Ahmed Cohen." On back of this check he wrote,in his handwriting,"Ahmed Cohen." This has the legal effect of:

• A) making this instrument nonnegotiable.
• B) making this instrument void.
• C) making this instrument order paper.
• D) making this instrument bearer paper.

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Definitions:

Wedding Ring

A band, often made of precious metal, worn as a sign of marriage commitment and fidelity.

Social Exchange

A social psychological and sociological perspective that explains social change and stability as a process of negotiated exchanges between parties.

Status Cues

Signals or indicators that suggest or confer social standing and position to others.

Social Interaction

The process by which individuals act and react in relation to others, forming the basis of social relationships and structures.