When an instrument is payable to joint payees,the endorsements of all listed payees are required before the instrument can be negotiated.

Question

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This is the general rule for instruments payable to joint payees. All payees must endorse before the instrument can be negotiated. There are some limited exceptions to this rule, such as in cases where one of the joint payees is a bank or where the instrument specifies that only one of the payees needs to endorse.

When an Instrument Is Payable to Joint Payees,the Endorsements of All