NAIMMCQ CPA Exam An instrument purports to be a negotiable instrument. It otherwise fulfills all the elements of negotiability and it states "Pay to Rich Crane." It is negotiable if it is a check and Rich Crane has possession of the check.

An instrument purports to be a negotiable instrument. It otherwise fulfills all the elements of negotiability and it states "Pay to Rich Crane." It is negotiable if it is a check and Rich Crane has possession of the check.

CPA Exam

An instrument purports to be a negotiable instrument. It otherwise fulfills all the elements of negotiability and it states "Pay to Rich Crane."
It is negotiable if it is a check and Rich Crane has possession of the check.

a. Correct
b. Incorrect

Answer: A

NAIMMCQ

An instrument purports to be a negotiable instrument. It otherwise fulfills all the elements of negotiability and it states "Pay to Rich Crane." It is negotiable if it is a check and Rich Crane has possession of the check.

An instrument purports to be a negotiable instrument. It otherwise fulfills all the elements of negotiability and it states "Pay to Rich Crane."It is negotiable if it is a check and Rich Crane has possession of the check.

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An instrument purports to be a negotiable instrument. It otherwise fulfills all the elements of negotiability and it states "Pay to Rich Crane."
It is negotiable if it is a check and Rich Crane has possession of the check.