An Indorsement Transfers Ownership of a Negotiable Instrument

question 24

True/False

An indorsement transfers ownership of a negotiable instrument.

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Definitions:

Conservation Skills

Cognitive abilities described by Piaget where a child understands that certain properties of objects remain the same despite changes in their form or arrangement.

Deferred Imitation

A cognitive behavior in which an individual reproduces the actions of others after a delay.

Visible Imitation

The act of copying someone’s actions or behaviors that are observed, as a form of learning or social interaction.

Object Permanence

The understanding that objects continue to exist even when they cannot be seen, heard, or touched.