If a Negotiable Instrument Is Endorsed to a Specific Person

question 4

Multiple Choice

If a negotiable instrument is endorsed to a specific person but never delivered to that person:

• A) the maker is guilty of fraud in the inducement.
• B) there is no negotiation because there has been no delivery.
• C) the instrument is canceled.
• D) the maker's obligation is automatically revoked.

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Definitions:

Organization's Approach

The methods, practices, and principles a company adopts in executing its business activities, including its strategies, culture, and management systems.

Focused Processes

Specialized operational techniques aimed at improving efficiency and effectiveness in specific areas of production or service delivery.

Specialization

The process of focusing on and becoming expert in a particular subject or skill.

Flexibility

The ability to adapt to changes, challenges, or new requirements quickly and effectively.