For ________ to be negotiated,there must be indorsement and delivery.
A) bearer paper
B) order paper
C) a promissory note
D) a check
E) a draft

Question

Quizplus · Accepted Answer

Order paper is a type of negotiable instrument that requires both indorsement and delivery for negotiation. Bearer paper does not require indorsement, while a promissory note, check, and draft can be negotiated with just indorsement.

For ________ to Be Negotiated,there Must Be Indorsement and Delivery