A check payable to stacked payees is ambiguous and thus payable only jointly-with the indorsements of all of the payees.
Correct Answer:
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Q1: If a check is made "payable to
Q3: Usually, an indorsement is unqualified, which means
Q4: The holder of a note who needs
Q5: An insurance agent who receives a check
Q6: Negotiating bearer instruments requires both indorsement and
Q7: To avoid the risk of loss from
Q8: If the thief of a stolen bearer
Q9: A check "payable to Orit" followed by
Q10: A holder who takes a negotiable instrument
Q11: Generally, an indorser, merely by indorsing, impliedly
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