Once a restrictive indorsement is used, the instrument is not negotiable.
Correct Answer:
Verified
Q3: A negotiable instrument may be negotiated by
A)
Q4: A check made out to "cash" is
Q5: Johnson makes out a promissory note payable
Q6: An indorsee is the person who receives
Q7: An order instrument is negotiated by
A) delivery
Q9: The person to whom a negotiable instrument
Q10: Blank indorsements turn order instruments into bearer
Q11: A bearer instrument is negotiated by delivery
Q12: Any significant alteration of a negotiable instrument
Q13: Delivering a negotiable instrument to the maker
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