Joker Pay to Cat Woman -/Riddler Cat Woman The image above is from the back of a negotiable instrument under the UCC Article on Negotiable Instruments payable to the order of Joker. Which of the following is true? O a. The first endorsement is a blank endorsement converting the instrument to bearer paper, the second endorsement is a restrictive endorsement converting the instrument to order paper, and the third endorsement is a blank endorsement converting the instrument to bearer paper. O b. The first endorsement is a special endorsement converting the instrument to order paper, the second endorsement is a qualified endorsement further negotiating the instrument; and the third endorsement is a blank endorsement converting the instrument to bearer paper. O c. The first endorsement creates a holder. The second endorsement creates a holder in due course. The third endorsement converts the instrument back to holder paper. Od. The first endorsement is a blank endorsement converting the instrument to bearer paper, the second endorsement is a special endorsement converting the instrument to order paper and the document cannot be negotiated further.

The image above is from the back of a negotiable instrument under the UCC Article on Negotiable Instruments payable to the order of Joker. Which of the following is true? a. The first endorsement is a blank endorsement converting the instrument to bearer paper, the second endorsement is a restrictive endorsement converting the instrument to order paper, and the third endorsement is a blank endorsement converting the instrument to bearer paper. b. The first endorsement is a special endorsement converting the instrument to order paper, the second endorsement is a qualified endorsement further negotiating the instrument; and the third endorsement is a blank endorsement converting the instrument to bearer paper. c. The first endorsement creates a holder. The second endorsement creates a holder in due course. The third endorsement converts the instrument back to holder paper. d: The first endorsement is a blank endorsement converting the instrument to bearer paper: the second endorsement is a special endorsement converting the instrument to order paper and the document cannot be negotiated further