An instrument made payable to more than one person is not negotiable.

Name: An instrument made payable to more than one person is not negotiable.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

An instrument can still be negotiable when made payable to more than one person, depending on how it is worded (e.g., payable to them jointly, severally, or alternatively). The negotiability depends on the terms of the instrument and compliance with the requirements of negotiability under the Uniform Commercial Code or applicable law.

An Instrument Made Payable to More Than One Person Is