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Alicia wants to impress her new in-laws by making a large donation to charity. She signs an instrument payable to the order of The Arzana

Alicia wants to impress her new in-laws by making a large donation to charity. She signs an instrument payable to the order of The Arzana Association for the Preservation of American Heritage, knowing full well there is no such organization. The instrument

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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