Which of the following is true of an allonge?
A) It must contain the name of the payee to be valid.
B) It must be accepted by the payee to be valid.
C) It must be affixed to the indorsement.
D) It must be provided only on demand.

Question

Quizplus · Accepted Answer

An allonge is a piece of paper attached to a negotiable instrument, such as a bill of exchange, to provide space for additional endorsements when the original document has no more space for such signatures. It must be firmly attached to the document it relates to, hence why option C is correct.

Which of the Following Is True of an Allonge