Question
If a draft is payable to Scott and Heidi and is indorsed payable to cash and then signed only by Heidi, the draft becomes bearer
If a draft is payable to "Scott and Heidi" and is indorsed "payable to cash" and then signed only by Heidi, the draft becomes bearer paper.
True
False
Unless a security interest is perfected, it has no legal effect.
True
False
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Accounting
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
23rd Edition
978-0324662962
