An Instrument Payable to Two or More Persons in the Alternative

question 61

Multiple Choice

An instrument payable to two or more persons in the alternative, such as a check "payable to the order of Elena or Ferrar,"

• A)requires the indorsement of only of the parties to be negotiated.
• B)requires the indorsement of both of the parties to be negotiated.
• C)must be converted to a bearer instrument to be negotiated.
• D)is nonnegotiable.

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Definitions:

Epithelial Tissue

A type of tissue that lines the cavities and surfaces of blood vessels and organs throughout the body, providing protection, absorption, and secretion.

Connective Tissue

Connective tissue supports, binds together, and protects tissues and organs of the body with various types including loose, dense, cartilage, bone, and blood.

Muscle Tissue

Specialized tissue composed of cells or fibers that contract to produce movement or maintain the posture of the body.

Histology

Science that deals with the microscopic structure of cells, tissues, and organs in relation to their function.