An instrument payable to two persons jointly requires the indorsement of only one of the payees for negotiation.
Correct Answer:
Verified
Q7: A person who accepts an instrument that
Q9: Indorsement can convert an order instrument into
Q10: If a person purchasing an instrument does
Q11: A special indorsement does not specify a
Q13: A person who acquires a check stamped
Q14: The shelter principle allows persons who formerly
Q15: Negotiation is a transfer in such form
Q16: A negotiable instrument can only be transferred
Q18: Under the UCC, a transfer of rights
Q39: A holder does not take an instrument
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