An Instrument Payable to Cash

question 4

Multiple Choice

An instrument payable to cash:

• A) can be negotiated only after indorsement by the person specified.
• B) is known as an order paper.
• C) may be negotiated by transfer of possession alone.
• D) does not allow the person who takes the instrument to ask for an indorsement for her protection.

---

Definitions:

Eli Whitney

Known for inventing the cotton gin, a pivotal invention in the history of agriculture and the economy of the United States.

Slaveholders

Individuals or entities that owned slaves.

Owned

Often colloquially used to mean dominantly defeated or embarrassed, typically in a competitive situation or argument.

Fewer

A comparative term used to indicate a smaller number of items, people, or entities in one group or category compared to another.