A payee or indorsee whose name is misspelled on an instrument
A)can indorse with the misspelled name, the correct name, or both.
B)must indorse with the misspelled name.
C)must indorse with the correct name.
D)is prevented from negotiating the instrument further.

Question

Quizplus · Accepted Answer

A payee or indorsee whose name is misspelled on an instrument can indorse it with the misspelled name, the correct name, or both to negotiate it further. This flexibility ensures that minor errors in spelling do not impede the negotiability of the instrument.

A Payee or Indorsee Whose Name Is Misspelled on an Instrument