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Which Sentence Is Correct

question 9

Multiple Choice

Which sentence is correct?


Definitions:

Endorsement

The act of signing one's name on the back of a check or other negotiable instrument, or a public declaration of support for a person, product, or service.

Delivery

The act of transferring an item from the seller to the buyer, where the legal ownership is passed.

Transferability

The ability of a financial instrument, asset, or property right to be transferred from one party to another.

Instrument

A legal document formally recording a right, liability, or transaction.

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