If a virgule - a slash mark - is used between two names listed on an instrument,this means that either person may individually indorse and negotiate the instrument.
Correct Answer:
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Q9: If a payee's name is misspelled,the payee
Q10: When a negotiable instrument is transferred,the holder
Q12: According to the UCC,a qualified indorsement is
Q13: A holder in due course can acquire
Q15: An assignment occurs when a nonnegotiable contract
Q16: A blank indorsement is preferred over a
Q17: When an instrument has no room for
Q18: If Joe Johnson gives an instrument to
Q19: An indorsement is the signature of a
Q72: Because an indorsement is not required on
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