Kathy Endorses a Check for Which She Is the Payee

question 94

True/False

Kathy endorses a check for which she is the payee to Mike by simply signing her name and handing him the check.If he later adds the words,"Pay to Mike" above her signature,he is committing a material alteration that voids Kathy's indorsement and negotiation to him.

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Definitions:

Approval

The act of agreeing with, accepting, or endorsing something or someone, often officially.

Therapist's

Pertaining to a therapist, often relating to their methods, practices, or interventions used in the treatment of disorders.

Cognitive-Behavioral

Referring to a type of psychotherapeutic treatment that helps patients understand the thoughts and feelings that influence behaviors.

Object Relations

A theory in psychoanalysis that considers the importance of the relationships and emotional bonds between subjects and their significant others.