Mick has a checking account at Cross Bank. Mick signs a check, and, on the...

50.1K

Verified Solution

Question

Accounting

Mick has a checking account at Cross Bank. Mick signs a check, and, on the line, Pay to the order of, Mick writes simply, Cash. What type of instrument is this, and is it valid?
Question 1 options:
This is an invalid bearer instrument.
This is a valid order instrument.
This is a valid bearer instrument.
This is an invalid order instrument

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students