In order to be negotiated, ________ must be endorsed as well as delivered.

A) order paper
B) allonge
C) bank note
D) a blank endorsement
E) qualified endorsements

Order Paper

A financial or legal document that is payable to the holder or the individual whose name appears on the document.

Endorsed

Officially approved or recommended; in finance, it refers to signing the back of a negotiable document to make it payable to someone other than the stated payee.

Negotiated

Discussed and agreed upon by parties involved, typically resulting in a formal agreement or contract that accommodates the interests or conditions of those parties.