If an Instrument Is Payable to Multiple Persons Using the Word

question 68

Multiple Choice

If an instrument is payable to multiple persons using the word "and," then the instrument ________.

• A) cannot be negotiated any further
• B) cannot be negotiated by either party individually
• C) can only be further negotiated with the endorsement of both payees
• D) can only be further negotiated with the signature of the drawer

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