University paid professor his first month's paycheck (paper instrument, not direct deposit). University bank is Big Bank In this scenario, Bank is the Professor is the and University is the a drawer, payee, drawee. b. payor, payee, issuer. c. drawer, payee, Issuer od drawee payee drawer QUESTION 14 2.53 poin Which of the following is true of an oral stop payment order? a. None of the answer choices is correct. An oral stop payment order is not valid. It must be in writing b. It is valid for one week. c. It is valid for two weeks. d. It is not valid unless followed up with a written stop payment order within 72 hours. QUESTION 15 2.53 poin Tom is an electrician for Able Apartment Construction Company. He agreed to do all the wiring on a small apartment project Able is building. Able signs a promissory note to Tom that states. “Able Apts. CC promises to pay Tom $5,000 a month for work on Apartment Project X payable in full 30 days after all apartments are leased. All work must be completed in 4 months from work start date. Partial month's work will be prorated at $300 per day.” The CEO of Able signed the note. Is this note a negotiable instrument? a Yes b. No Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers
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