A check is made payable to "Mark Spitz." If Spitz wishes to negotiate the instrument, he must

Question

Quizplus · Accepted Answer

For Mark Spitz to negotiate the instrument (a check in this case), he must both indorse (sign the back of the check) and deliver the instrument to the new holder. Negotiation of a check or similar negotiable instrument typically requires both endorsement by the payee and delivery to the new holder to complete the transfer of rights.

A Check Is Made Payable to "Mark Spitz