When the Transfer of a Negotiable Instrument Is Made Either

question 18

True/False

When the transfer of a negotiable instrument is made either by assignment or by negotiation, the third party becomes a holder.

Understand the process of oil and gas formation from organic material.

Recognize the role of permeable and impermeable layers in oil and gas trapping mechanisms.

Differentiate between various types of rock formations and their significance in oil and gas exploration.

Identify common methods and technologies used in the exploration and extraction of fossil fuels.

---

Definitions:

Deposit

A sum of money placed into an account or given to another party as a part of a financial transaction.

Check Register

A check register, also known as a cash disbursements journal, is used to keep track of financial transactions, specifically outflows, associated with a bank account.

Cash Balance

The amount of cash a company or individual has available after all transactions have been accounted for.

Checks

Written, dated, and signed instruments that direct a bank to pay a specific sum of money to the bearer.