Asked by genevieve yaldoo on May 07, 2024
Verified
Through what kind of written instrument would Tim direct Howard to pay $600 to the order of Celeste?
A) A certificate of deposit
B) A note
C) A draft
D) A dishonored draft
Draft
A preliminary version of a document or plan, subject to revisions and improvements.
- Identify the distinctions among different negotiable instruments such as drafts, money orders, and checks.
Verified Answer
MJ
Mark Jordan SenoronMay 09, 2024
Final Answer :
C
Explanation :
Tim would direct Howard to pay through a draft, which is a written order to pay a certain amount of money to a designated person or organization.
Learning Objectives
- Identify the distinctions among different negotiable instruments such as drafts, money orders, and checks.