What Happens If the Name of the Indorsee or Payee

question 40

Multiple Choice

What happens if the name of the indorsee or payee is misspelled in an indorsement?

• A) The instrument becomes nonnegotiable.
• B) The instrument can be indorsed with the misspelled name.
• C) The instrument has to be remade to be valid.
• D) The instrument cannot be subsequently indorsed.

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Definitions:

Management Paradigm

A set of principles and practices that guide how an organization is managed, influencing approaches to leadership, decision-making, and organizational culture.

Scientific Management

An approach to management that analyzes and synthesizes workflows, aiming to improve economic efficiency, especially labor productivity, through scientific methods.

Mass Manufacturing

The production of large quantities of standardized products, often utilizing assembly lines and automation to achieve efficiency and economies of scale.

Shift Workers

Employees who work schedules outside the traditional 9-5 working hours, often including evenings, nights, or rotating shifts.