Quincy Draws a Check Payable to "Replay Stadium" to Buy

question 36

Multiple Choice

Quincy draws a check payable to "Replay Stadium" to buy two season tickets to the next year's State College football games.This instrument is

• A)a bearer instrument.
• B)an order instrument.
• C)valid but nonnegotiable.
• D)void.

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Definitions:

Economic

Refers to the science that studies how goods and services are produced, distributed, and consumed.

Economic Assistance

Financial aid provided by countries or international institutions to support the economic development and welfare of disadvantaged regions or countries.

United States

A federal republic in North America, composed of 50 states, a federal district, and several territories, known for its large economy and diverse population.

Year

A measurement of time that represents the period it takes for the Earth to complete one orbit around the Sun, approximately 365 or 366 days.