According to the fictitious payee rule, when the instrument is issued in the name of a fictitious payee, the person purporting to be that payee can make an effective endorsement

Indicate whether the statement is true or false


True

Business

You might also like to view...

Costs incurred in storing inventory usually are included in inventory costs

Indicate whether the statement is true or false

Business

If a person, without knowing of an advertised reward for information leading to the return of a lost dog, gives information that leads to its return, is she entitled to the reward?

Business

The primary reason for offering customers credit is to

A) increase the predictability of cash flows. B) stimulate sales. C) smooth billing cycles. D) reduce the risk of nonpayment. E) speed cash flows.

Business

Ultimately, investing excess funds is a critical step towards building what?

A) Blocks B) Relationships C) Emergency Fund D) Wealth E) Savings

Business