Joseph Obtains a Draft That States as Follows: "Pay to the Order

Multiple Choice

Joseph obtains a draft that states as follows: "pay to the order of Joseph Daniels the sum of $1000." Joseph wants to negotiate this instrument to Jack Spratt to pay a debt owing to Jack.To negotiate this instrument,Joseph must

A) indicate accepted on the draft and then deliver it to Jack.
B) endorse and deliver the instrument to Jack.
C) present the instrument to Jack's bank and have it accepted and then transfer it to Jack.
D) endorse and present the instrument to Jack's bank.
E) hand over the draft to Jack and get a receipt.