If an instrument is payable jointly using the word "and," both persons' indorsements are necessary to negotiate the instrument.

Name: If an instrument is payable jointly using the word "and," both persons' indorsements are necessary to negotiate the instrument.
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Quizplus · Accepted Answer

When an instrument is payable jointly using the word "and," both persons are considered necessary to negotiate the instrument. This means that both of them have to endorse the instrument for it to be valid.

If an Instrument Is Payable Jointly Using the Word "And