Which of the following is true when an indorsee's name is misspelled in a negotiable instrument?
A) The instrument can be indorsed.
B) The instrument becomes invalid.
C) The instrument cannot be indorsed and must be executed again.
D) The instrument becomes nonnegotiable.

Question

Quizplus · Accepted Answer

A misspelling of an indorsee's name does not invalidate the negotiable instrument. The instrument can still be indorsed and negotiated as long as the indorsement is made in the name that the indorser regularly uses.

Which of the Following Is True When an Indorsee's Name