Negotiation of order paper requires:
A) delivery only.
B) indorsement only.
C) both indorsement and delivery.
D) neither indorsement nor delivery.

Question

Quizplus · Accepted Answer

Negotiation of an order paper requires both indorsement (endorsement) and delivery, as the holder of the instrument must have both the physical possession of the instrument and be named as the payee or endorsee on the instrument.

Negotiation of Order Paper Requires