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 "the order of John Jones," it requires an indorsement by that person to be negotiated. Without the indorsement, delivery alone is insufficient.

Delivery Alone Is Insufficient to Negotiate an Instrument When It