What Effect Can Indorsements Have on the Character of Negotiable

question 5

Multiple Choice

What effect can indorsements have on the character of negotiable instruments?

• A) Indorsements can convert bearer paper to order paper,but not vice versa.
• B) Indorsements can convert order paper to bearer paper,but not vice versa.
• C) Indorsements can convert order paper to bearer paper,and can convert bearer paper to order paper.
• D) Indorsements can convert order paper to bearer paper,and can convert bearer paper to order paper,so long as the instrument expressly allows such conversions.
• E) Indorsement cannot change either bearer or order paper to the other classification.

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