Traveler's Checks Commonly Require,as a Condition to Payment,a Countersignature of a Person

question 46

Multiple Choice

Traveler's checks commonly require,as a condition to payment,a countersignature of a person whose specimen signature appears on the draft.Traveler's checks are:

• A) voidable.
• B) negotiable.
• C) nonnegotiable.
• D) unenforceable.