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Alicia wants to impress her new in-laws by making a largedonation to charity. She signs an instrument payable to the orderof The Arzana Association for

Alicia wants to impress her new in-laws by making a largedonation to charity. She signs an instrument payable to the orderof The Arzana Association for the Preservation of AmericanHeritage, knowing full well there is no such organization. Theinstrument

a.

is payable to any charity.

b.

is an order instrument.

c.

is a bearer instrument.

d.

is neither a bearer nor an order instrument.

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