WebFeb 23, 2024 · Pay careful attention to the "Pay to the Order of" line of a check. Q: My wife and I filed our tax returns jointly, and we received a tax refund check that was written out to both our names. WebBrendan signs a check “pay to the order of City College Bookstore” drawn on his account in Delta Bank to pay for his current semester’s textbooks. The bookstore deposits the check in its account in Eagle Bank. Like most checks, this check is a one-party instrument. a nonnegotiable instrument. a special type of draft. not a substitute for cash.
Web(1) states that it is payable to bearer or to the order of bearer or otherwise indicates that the person in possession of the promise or order is entitled to payment; (2) does not state a payee; or (3) states that it is payable to or to the order of cash or otherwise indicates that it is not payable to an identified person. WebApr 1, 2002 · Answer: From the model language of the UCC 3-109. PAYABLE TO BEARER OR TO ORDER. (a) A promise or order is payable to bearer if it: (2) does not state a payee Thus, the customer gave you no order as to whom the payment was to be made. You are not obligated to guess or require more direction. free coat drive flyer templates
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WebMay 31, 2024 · Alternatives to Writing a Check Payable to Cash. Photo: The Balance / Maritsa Patrinos. When you write a check, you don't always have to name the recipient. … WebOct 30, 2024 · If you wish to give the check to someone else, you must endorse the back and write "Pay to the order of [First and Last Name]" in the endorsement area. Can you cash a check made out to two people? … WebBrendan signs a check “pay to the order of City College Bookstore” drawn on his account in Delta Bank to pay for his current semester’s textbooks. The bookstore deposits the check in its account in Eagle Bank. Like most checks, this check is a. a one-party instrument. b. a nonnegotiable instrument. c. a special type of draft. d. blood bedewed definition