Ralph wants to transfer an instrument to Sigrid that requires Ralph's indorsement, but there is no room on the instrument. Ralph
A) can attest in writing that he would sign the instrument if possible.
B) cannot transfer the instrument to Sigrid.
C) can sign an allonge and affix it to the instrument.
D) can sign a separate piece of paper and file it for later reference.

Question

Quizplus · Accepted Answer

Ralph can sign an allonge, which is a separate sheet of paper that is affixed to the instrument and contains the necessary indorsement. This is a common solution when there is no room on the instrument itself for the indorsement. Option A is not the best choice because an attestation does not provide the same level of certainty that an indorsement would. Option B is incorrect because Ralph can transfer the instrument to Sigrid as long as he provides the necessary indorsement, which can be done through an allonge. Option D is also not the best choice because filing a separate piece of paper does not provide the necessary indorsement on the instrument itself.

Ralph Wants to Transfer an Instrument to Sigrid That Requires