Examlex
The desire for connectivity by college students requires companies to focus on which of the following product characteristics?
Indorsement in Trust
A specification on a negotiable instrument where the indorsement indicates that the endorsee has trustee status, making them responsible for managing the instrument according to trust terms.
Bearer Instrument
A negotiable financial instrument that designates payment to whoever holds the instrument, not requiring ownership to be registered with the issuer.
Indorsed
The act of signing one's name on the back of a check or other negotiable instrument for the purpose of transferring rights or entitlements.
Ratification
The formal approval of an agreement, treaty, or act, making it officially valid.
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