A Payee Who Has No Existence or Is Intended to Have

question 3

Multiple Choice

A payee who has no existence or is intended to have no interest in the instrument is a(n) _____.

• A) imposter
• B) holder
• C) carrier
• D) fictitious payee
• E) obligee

---

Definitions:

Transferred

The act of moving or passing something from one place, person, or thing to another.

Shared Equally

Distributed in an identical manner among all parties involved, ensuring parity and fairness.

Atomic Mass

The mass of an atom expressed in atomic mass units (amu), approximately equivalent to the total number of protons and neutrons in the atom's nucleus.

Isotopes

Variants of a particular chemical element that have the same number of protons in their nuclei but different numbers of neutrons, resulting in different atomic masses.