Question

On May 1, Dooley signs a check that is payable to the order of Extra Credit Corporation and that is dated July 1. This check is
A.negotiable.
B.nonnegotiable, because it is payable to Extra Credit Corporation.
C.nonnegotiable, because it is postdated.
D.nonnegotiable, because it is signed by Dooley.

Answer

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