Which of the following is true regarding the complaint of Mary that she did not also endorse the instrument?
A) She is correct because both names are required in order to provide legal endorsement.
B) She is correct in that her name was needed for legal endorsement, but that is only the case because of the name misspelling of Annie's name.
C) She is correct because regardless of whether the payees are listed with no designation as to whether they are alternate or joint, or whether the words, "or," or "and," are used to designated payees, any listed payee must endorse a note in order for it to be properly payable.
D) She is incorrect because Annie properly endorsed the note, and only her signature was needed.
E) She is incorrect, but only if it can be established that Bill Brown lacked knowledge that she had not given her consent to the form of the endorsement.

Question

Quizplus · Accepted Answer

When an instrument is silent as to whether the listed payees are joint or alternative, courts interpret it as containing alternative payees, and the endorsement of only one listed payee is required to negotiate it.

Which of the Following Is True Regarding the Complaint of Mary