Order paper is negotiated by:
A) indorsement alone.
B) delivery alone.
C) either delivery or indorsement.
D) transfer of possession and indorsement.

Question

Quizplus · Accepted Answer

Order paper is a negotiable instrument that can be transferred by delivery or indorsement. However, for a valid transfer, both transfer of possession and indorsement are required. Therefore, option D, which includes both transfer of possession and indorsement, is the best choice.

Order Paper Is Negotiated By