Choose the Word or Phrase in [ ] Which Will

question 39

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-"For deposit only" would indicate a [blank | restricted] endorsement.

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Definitions:

General Corporation

A type of business organization that is legally separate from its owners, with the ability to own property, incur liabilities, and conduct business in its own name.

Advantages

Benefits or favorable factors that contribute to the success and competitiveness of a business, product, or individual.

Disadvantages

Refers to the negative aspects or downsides that are associated with a particular decision, action, or scenario.

Limited Liability Company

A form of business organization that combines the taxation approach of a sole proprietorship or partnership with the limited liability aspect of a corporation.