If an instrument is payable to alternative payees, it may be indorsed and delivered by either of them.
Correct Answer:
Verified
Q22: The warranty liability of a qualified indorser
Q23: Negotiation of order paper requires:
A) delivery only.
B)
Q24: The transfer and collection of negotiable instruments
Q25: Under the UCC, a negotiation is not
Q26: A _ indorsement consists of the signature
Q28: If an instrument is drawn in favor
Q29: A blank indorsement turns a(n) _instrument into
Q30: The warranties made by an unqualified indorser
Q31: A qualified indorsement is given by using
Q32: The transferee has only those rights that
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