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Question
John received a check from his employer marked "pay to the order of John Jones." John used this check to pay for groceries from ABC Foods. He wrote on the back of the check: "pay to ABC Foods, for groceries." Was this check properly negotiated?
A. No, because the statement that the check was for payment to ABC Foods defeats this negotiation.
B. No, because John did not indorse the check.
C. Yes, because John transferred possession of the check and ABC Foods acted in good faith.
D. Yes, because a holder's signature is not always needed in order to negotiate a check.
Answer
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