Joe writes a check for $1,500 payable to the order of Mary Hope. Mary cashes the...
Joe writes a check for $1,500 payable to the order of Mary Hope. Mary cashes the check at Peoples Bank and writes on its face that it is “nonnegotiable.” This check is a. negotiable. b. nonnegotiable, because it is dated. c. nonnegotiable, because it is payable with interest. d. nonnegotiable, because it includes the notation “nonnegotiable.”
Homework Answers
a. negotiable
the check was negotiable because Mary cashes the check amount from peoples bank. this is a bearer instrument because the check has made out to the name of payee. so it has been a negotiable because Mary got the delivered bearer instrument from joe.
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