What happens if the name of the indorsee or payee is misspelled in an indorsement?
A) The instrument becomes nonnegotiable.
B) The instrument can be indorsed with the misspelled name.
C) The instrument has to be remade to be valid.
D) The instrument cannot be subsequently indorsed.
B
You might also like to view...
After aging the accounts receivable, it is estimated that $420 will not be collected and the allowance account has an existing debit balance of $100 . If accounts receivable is $145,000, the net receivables would be
a. $145,000. b. $144,580. c. $144,900. d. $144,480.
What is a ledger?
A letter refusing credit might effectively include a statement such as Cash purchases receive a 2 percent discount
Indicate whether the statement is true or false
What are the three primary tasks of order processing?
A. Order receipt, order delivery, order follow-up B. Order handling, inventory management, order delivery C. Materials handling, warehousing, order delivery D. Order handling, order entry, order delivery E. Order receipt, order checking, order delivery