When an instrument is payable to joint payees, the endorsement only needs to be by the first payee.
Correct Answer:
Verified
Q1: A party cannot be a holder in
Q2: A bank has given value for a
Q3: Once an instrument is negotiable, it remains
Q4: The transferability of an instrument may be
Q5: The requirement that a holder in due
Q7: A person who engages in fraud may
Q8: A transaction involving a promissory note is
Q9: Once negotiable, an instrument remains negotiable but
Q10: In order for a holder to acquire
Q11: A payee can never be considered a
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