Which of the Following Is the Best Description of an Indorsement

question 1

Multiple Choice

Which of the following is the best description of an indorsement?

• A) a signature that creates no new legal obligations
• B) a signature that often creates potential liability for the indorser
• C) a transfer that creates no new legal obligations
• D) a signature that creases no potential liability for the indorser, unless the indorsement is a "special" indorsement
• E) a payment of an instrument that discharges the liability of the maker or drawer

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Definitions:

Social Stability

The condition in which a society possesses consistent structure and function, maintaining equilibrium amidst changes and challenges.

Evolutionary Theory

A scientific explanation for the diversity of life on Earth, proposing that species change over time through natural selection and adaptation.

Gender Differences

Variations in characteristics, behaviors, physical development, and roles traditionally associated with being male or female.

Environmental Input

The sensory, social, and physical data from the environment that affects an individual's development and behavior.