An Indorsement May Be Written on a Paper Other Than

question 63

True/False

An indorsement may be written on a paper other than the instrument itself as long as the paper with the indorsement is affixed to the instrument.

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Definitions:

Firm

A business organization, such as a corporation, partnership, or sole proprietorship, that sells goods or services.

Factor Markets

Markets where productive resources (like labor, land, and capital) are bought and sold.

Product Markets

Markets where final goods or services are bought and sold, as opposed to factor markets where raw materials, labor, and capital are traded.

Entrepreneur

A person who organizes, manages, and assumes the risks of a firm, taking a new idea or a new product and turning it into a successful business.