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Accommodation parties who sign their name on an instrument as security against non-payment by a...

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Accommodation parties who sign their name on an instrument as security against non-payment by a debtor may sign either as a co- maker or as an endorser. Select the best answer choice. A horse-racing association uses automated machines that allow issues vouchers to customers when they place bets on horses. The vouchers state that they are "payable to cash" or "payable to order of cash" and are labeled "Cash Vouchers." Gerry Gambler bets on Lucky Slevin Horse using the machine and receives a "Cash Voucher" showing that he has a $5,000 balance. When leaving the machine, Gerry Gambler inadvertently drops the voucher on the ground and leaves to watch the horse race. Felicia Finder finds the voucher on the ground, picks it up, and cashes out. Gerry returns minutes later to find that the voucher has been taken and issues a stop order on the voucher with the racing association. Is the "Cash Voucher" negotiable? O No, the cash voucher is not negotiable because it was stolen by Felicia Finder. O No, the cash voucher is not negotiable because the machine issued it to Gerry and only he could cash it out. O Yes, the cash voucher is negotiable because it is order paper. O Yes, the cash voucher is negotiable because it is bearer paper

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