An Instrument Payable to Two or More Persons in the Alternative

Multiple Choice

An instrument payable to two or more persons in the alternative, such as a check "payable to the order of Elena or Ferrar,"

A) requires the indorsement of only of the parties to be negotiated.
B) requires the indorsement of both of the parties to be negotiated.
C) must be converted to a bearer instrument to be negotiated.
D) is nonnegotiable.