A Fictitious Payee Is a Payee on a Negotiable Instrument

question 20

True/False

A fictitious payee is a payee on a negotiable instrument whom the maker or drawer does not intend to have an interest in the instrument.

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Definitions:

Tympanometry

A diagnostic test that measures the movement of the eardrum in response to changes in air pressure, helping assess middle ear function.

Lumen

The space within an artery, vein, or capillary; the space within a tube.

Artery

A blood vessel carrying blood away from the heart, usually filled with oxygenated blood.

Vein

A blood vessel that carries blood towards the heart. Most veins carry deoxygenated blood from the tissues back to the heart.