An instrument that reads, "Pay to the order of Jones and Green," establishes ________ payees.
A) Joint
B) Concurrent
C) Consecutive
D) Alternative
E) Alternate

Name: An instrument that reads, "Pay to the order of Jones and Green," establishes ________ payees. A) Joint B) Concurrent C) Consecutive D) Alternative E) Alternate
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Question

Quizplus · Accepted Answer

The phrase "Pay to the order of Jones and Green" establishes joint payees, meaning both parties must endorse the instrument for it to be negotiable.

An Instrument That Reads, "Pay to the Order of Jones