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An instrument payable to cash: Multiple Choice can be negotiated only after indorsement by the person specified. is known as an order paper. may be

An instrument payable to cash:

Multiple Choice

  • can be negotiated only after indorsement by the person specified.
  • is known as an order paper.
  • may be negotiated by transfer of possession alone.
  • does not allow the person who takes the instrument to ask for an indorsement for her protection.

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