Negotiable Instrument - How is Payee Identified

The video tutorial explains how to identify the person presenting a negotiable instrument for payment. It covers the identification methods for bearer and order paper, emphasizing the priority of names over account numbers. The tutorial also discusses handling multiple payees, distinguishing between alternative and collective payees, and resolving ambiguities in payee identification.

How are individuals identified on a negotiable instrument?

What happens if you include both a name and an account number on a negotiable instrument?

What is the significance of the name in the identification process compared to an account number?

What is the difference between 'Bill or Amy' and 'Bill and Amy' on a negotiable instrument?

How is ambiguity handled when identifying payees on a negotiable instrument?