Sophie Issues a Promissory Note Made "Payable to the Order

question 18

Multiple Choice

Sophie issues a promissory note made "payable to the order of Molly." Molly indorses the note by signing her name and gives the note to Dana.Which of the following is correct?

• A)Sophie issued a bearer instrument,and Molly kept it in bearer form.
• B)Sophie issued an order instrument,but Molly changed it to bearer form.
• C)Sophie issued an order instrument,and Molly kept it in order form.
• D)Sophie issued a bearer instrument,and Molly changed it to bearer form.

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