valid negotiation

valid negotiation

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 Rambo’s, (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.”