Author Question: Industries Inc, drew a check payable to Gloria Schell and Pippen Tallit in the sum of 20,000. For a ... (Read 88 times)

xclash · **on:** Jun 24, 2018

Industries Inc, drew a check payable to Gloria Schell and Pippen Tallit in the sum of 20,000. For a proper negotiation, the check:
A) needs to be indorsed only by Gloria Schell, since her name appears first.
B) needs to be indorsed by either payee, since the indorsement of only one of the payees is necessary to negotiate the check.
C) needs to be indorsed by both payees.
D) needs to be indorsed by the maker.

Question 2

Which of the following is not furnished by the seller?
A)Keys
B)Tenant list and leases
C)Loan commitment
D)Pest inspection report
E)All of the above are furnished by the seller