Failure to Indorse a Check Is Considered Improper Presentment, and the Person

question 1

Short Answer

Failure to indorse a check is considered improper presentment, and the person presenting the check is not considered a(n) ____________________.

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Definitions:

Proposal

A formal suggestion or plan put forward for consideration or discussion by others.

Percentage

A way of expressing a number as a fraction of 100, used to compare proportions or calculate ratios.

Efficiency Loss

The loss of economic efficiency that can occur when the equilibrium for a good or a service is not achieved or is unattainable.

Tax

Compulsory financial obligation or different form of levy placed on a taxpayer by a government entity to finance public spending.