Scott Presents an Instrument That States "Pay to the Order

question 22

Multiple Choice

Scott presents an instrument that states "pay to the order of Scott" to Town Bank for payment.This instrument is the most common type of negotiable instrument,which is

• A)a commercial wire transfer.
• B)a check.
• C)a note.
• D)a substitute check.

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Definitions:

Identifies

Recognizes or establishes the identity of someone or something, often through analysis or comparison.

Recipient

An individual or entity that receives something from another source, such as a transfusion, donation, or award.

Letter Sent

The action of dispatching written correspondence to a specific recipient or address.

Travel Agencies

Businesses that specialize in arranging travel services and accommodations for individuals and groups.