Jack writes a check made payable to "Gary Stone and Susan Wright." Who may negotiate the check?
A)Neither Gary nor Susan because the check is unenforceable.
B)Gary because he is the first named party to whom the check is made payable.
C)Either Gary or Susan may negotiate the check.
D)Both Gary and Susan have to negotiate the check.

Question

Quizplus · Accepted Answer

An instrument can be made payable to two or more payees.For example,a check could be drawn payable "to the order of John Jones and Henry Smith." Then,both Jones and Smith have to be involved in negotiating it or enforcing its payment.

Jack Writes a Check Made Payable to "Gary Stone and Susan