If an instrument is payable to alternative payees or if it has been negotiated to alternative indorsees,it may be indorsed and delivered by either of them.

Name: If an instrument is payable to alternative payees or if it has been negotiated to alternative indorsees,it may be indorsed and delivered by either of them.
Brand: Quizplus
Rating: 4.9 (43 reviews)

Question

Quizplus · Accepted Answer

According to the rule of alternative payees or indorsees, any one of the payees or indorsees can indorse the instrument and deliver it. Therefore, the statement is true.

If an Instrument Is Payable to Alternative Payees or If