If there is no room for indorsement on an instrument,the indorsement may be written on a separate piece of paper called ________.
A) parol evidence
B) an addendum
C) an exhibit
D) an allonge
E) a codicil

Question

Quizplus · Accepted Answer

An allonge is a separate piece of paper that is attached to a negotiable instrument when there is no more space for endorsements. The purpose of an allonge is to provide additional space for the endorsements so the instrument can continue to be negotiated.

If There Is No Room for Indorsement on an Instrument,the