Which of the Following Documents Would Be Prepared (By a Buyer

question 61

Multiple Choice

Which of the following documents would be prepared (by a buyer of goods) after the others?

• A)Purchase order
• B)Check
• C)Purchase requisition
• D)Receiving report

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Definitions:

Indorser

The person who signs and transfers a negotiable instrument, such as a check or promissory note, to another party.

Secondary Liability

The legal obligation to pay a debt if the primary obligor defaults, usually applied in cosigning contexts.

Blank Check

A check signed by the drawer with the amount left blank, allowing the payee to enter any amount.

Raising The Check

Increasing the amount payable on a check, often through unauthorized alteration.