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 jointly
D) can only be further negotiated with the signature of the drawer
C
Business
You might also like to view...
When a company co-signs a note payable for another entity, a current liability must be recorded
Indicate whether the statement is true or false
Business
Dunbar Corp is a debtor in relation to Martina, who is the holder of an income bond issued by Dunbar
Indicate whether the statement is true or false
Business