With Few Exceptions,an Unauthorized Indorsement Is ________ as the Indorsement

question 68

Multiple Choice

With few exceptions,an unauthorized indorsement is ________ as the indorsement of the person whose name is signed.

• A) conditionally operative
• B) partially operative
• C) fully operative
• D) wholly inoperative
• E) partially inoperative

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Definitions:

Sherman Act

A landmark federal statute in the field of United States antitrust law aimed at preserving competitive markets by prohibiting monopolistic practices.

Restraints of Trade

Practices or agreements that limit competition or control prices within a market.

Monopoly

A market structure characterized by a single seller, selling a unique product in the market with no close substitutes.

Interlocking Directorates

The practice of having the same individuals serve on the boards of directors of multiple companies, potentially reducing competition.