Terry has a check indorsed "Pay to the order of Terry." Terry gives the check to Jane without indorsing it.Is Jane a holder?
A) No,because Jane failed to indorse the check.
B) No,because Terry failed to indorse the check.
C) Yes,because only delivery was necessary to negotiate the check.
D) Yes,because Jane may supply the missing indorsement herself.
Correct Answer:
Verified
Q1: An order paper can be negotiated by
Q3: A holder in due course takes the
Q4: The transfer of possession (whether voluntary or
Q5: Claims and defenses to payment of an
Q6: In case of an indorsement for collection,any
Q7: If a person receives a check that
Q8: Indorsing an instrument,"Pay to Sara Garcia," limits
Q9: A bearer instrument can be validly negotiated
Q10: The FTC rule doesn't apply to persons
Q11: The involuntary transfer of possession of a
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