Golden indorses a negotiable promissory

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Reference no: EM131045489

Explain whether each of the following transactions results in a valid negotiation:

(a) Arnold gives a negotiable check payable to bearer to Betsy without indorsing it.
(b) Golden indorses a negotiable promissory note payable to the order of Golden, ‘‘Pay to Chambers and Rambis, (signed) Golden.''
(c) Porter lost a negotiable check payable to his order. Kersey found it and indorsed the back of the check as follows: ‘‘Pay to Drexler, (signed) Kersey.''
(d) Thomas indorsed a negotiable promissory note payable to the order of Thomas, ‘‘(signed) Thomas,'' and delivered it to Sally. Sally then wrote above Thomas's signature, ‘‘Pay to Sally.''

Reference no: EM131045489

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