An Instrument Payable to Two or More Persons Without an "And

question 23

Multiple Choice

An instrument payable to two or more persons without an "and" or an "or" between the parties' names, such as a check "payable to the order of Gerhard Hans,"

• 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.