Which of the following is true of an indorsement to multiple persons using the virgule?
A) it can only be indorsed further with the signature of the drawer
B) neither person can individually negotiate the instrument
C) either person can individually negotiate the instrument
D) such an instrument cannot be subsequently negotiated

Question

Quizplus · Accepted Answer

When an instrument is endorsed to multiple persons using a virgule, either person can individually negotiate the instrument. This means that either person can endorse the instrument again, and it can be negotiated without the signature of the other person. This is known as a joint tenancy, and either person can exercise their right to the instrument without the other person's consent.

Which of the Following Is True of an Indorsement to Multiple