Negotiation of which type(s)of instrument requires indorsement?
A) bearer instruments only
B) order instruments only
C) both bearer and order instruments
D) neither bearer nor order instruments
E) order instruments, but only if they are restrictive

Question

Quizplus · Accepted Answer

Order instruments require indorsement to be negotiated, as they are payable to a specific person or entity and must be endorsed by the current holder to transfer ownership.

Negotiation of Which Type(s)of Instrument Requires Indorsement