In order to be negotiated, ________ must be endorsed as well as delivered.
A) order paper
B) allonge
C) bank note
D) a blank endorsement
E) qualified endorsements

Question

Quizplus · Accepted Answer

Order paper requires endorsement and delivery to be negotiated. This is because the ownership of the document (and thus the rights to the money or property it represents) is transferred through endorsement.

In Order to Be Negotiated, ________ Must Be Endorsed as Well