United Business Corporation authorizes Vic to use company checks to buy office supplies.Vic writes a check to Wholesale Supplies, Inc. for $100 over the price of a purchase, for which the seller returns cash. When Wholesale presents the check for payment, it may recover

Select one:

a.nothing

b.the amount stated in the check

c.the amount of the overpayment only

d.the prices of the supplies only

e.nothing the check is void

f Ben indorses a check in blank, the instrument will be converted from a(n)

Select one:

a.order instrument to a bearer instrument payable only to Ben

b.bearer instrument to an order instrument payable only to Ben

c.order instrument to a bearer instrument payable to anyone possessing the instrument

d.bearer instrument to an order instrument payable to anyone possessing the instrument

e.none of the above

Bill is selling his motorcycle to Jane for $5,000.Bill wants to be sure that whoever buys the motorcycle has the money to pay for it. Which of these checks gives Bill theleastsecurity in receiving payment?

Select one:

a.certified check

b.cashier's check

c.personal check

d.all the choices are as good as cash

e.none of the above