Examlex

Solved

Which Does NOT Serve as Means of Payment in the United

question 139

Multiple Choice

Which does NOT serve as means of payment in the United States?


Definitions:

Blank Indorsement

An endorsement on a financial instrument, such as a check, that specifies no particular endorsee and can be transferred by mere delivery.

Bearer Paper

A negotiable instrument that is payable to whoever holds or presents it for payment.

Negotiable

Capable of being discussed or modified in terms of the conditions of an agreement or contract.

Order Paper

A negotiable instrument or financial document that is payable to a specific individual or the order of a specific person.

Related Questions