An indorsement "Pay to Jones Construction Company upon completion of the job at No.10 Park Place" is nonnegotiable.
Correct Answer:
Verified
Q4: The fictitious payee rule is based on
Q9: A negotiation is void if the transaction
Q10: An indorsement "Pay Alice Adams" is an
Q17: An indorsement must be written on the
Q26: A negotiation may be valid to transfer
Q31: An indorsement in trust creates a trust
Q32: A qualified indorsement does not destroy negotiability
Q33: A negotiation can be effective to transfer
Q35: The Code specifies that the signer is
Q41: An anomalous indorsement is:
A)one that specifically identifies
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