Question

Which of the following must be present for a check to be legitimate?

I. Your signature
II. A memo or note
III. The payee
a.
I and II
b.
III only
c.
I and III
d.
I, II, and III

Answer 1

c. I and III

A valid check must be signed by the drawer and must specify a payee (or be made payable to bearer). The memo/note line is optional and not required for legitimacy.