Question: Under the Negotiable Instruments Article of the UCC, when an instrument is indorsed Pay to John Doe and signed Faye Smith, which of the following

Under the Negotiable Instruments Article of the UCC, when an instrument is indorsed “Pay to John Doe” and signed “Faye Smith,” which of the following statements is(are) correct?

Payment of the instrument is guaranteed The instrument can be further negotiated

a. Yes Yes

b. Yes No

c. No Yes

d. No No

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