Which of the following statements about endorsements of negotiable instruments is FALSE? a) An endorsement is...
Which of the following statements about endorsements of negotiable instruments is FALSE?
a) An endorsement is required to negotiate bearer paper
b) An endorsement is required to negotiable order paper
c) The endorser cannot use a special endorsement to negotiate only a portion of the instrument
d) an endorsement is not required to negotiate bearer paper
Homework Answers
Answer:-
The following statement is FALSE:-
a)An endorsement is required to negotiate bearer paper.
Explanation:-
A bearer paper is payable to the person who possesses it.Hence, no endorsement is required to negotiate a bearer paper.
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