Delivery alone is insufficient to negotiate an instrument when it is payable to:
A)order and the last indorsement is in blank.
B)cash and signed by the drawer.
C)bearer and is not indorsed.
D)the order of John Jones and is not indorsed.

Question

Quizplus · Accepted Answer

When an instrument is payable to the order of a specific person, such as John Jones, it must be indorsed by that person to be negotiated. Delivery alone is insufficient without the necessary indorsement.

Delivery Alone Is Insufficient to Negotiate an Instrument When It