An instrument payable to two or more persons without an "and" or an "or" between the parties' names, such as a check "payable to the order of Gerhard Hans,"
A)requires the indorsement of only of the parties to be negotiated.
B)requires the indorsement of both of the parties to be negotiated.
C)must be converted to a bearer instrument to be negotiated.
D)is nonnegotiable.

Question

Quizplus · Accepted Answer

The Answer of An instrument payable to two or more persons without an "and" or an "or" between the parties' names, such as a check "payable to the order of Gerhard Hans,"
A)requires the indorsement of only of the parties to be negotiated.
B)requires the indorsement of both of the parties to be negotiated.
C)must be converted to a bearer instrument to be negotiated.
D)is nonnegotiable.

An Instrument Payable to Two or More Persons Without an "And