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Suppose Congress has decided to establish a new branch of the military to work on weapons and other military technologies that can be used in space to carry out attacks against foreign enemies, including another nation's satellites during wartime. Congress has the ability to establish this new branch of the military per the U.S. Constitution. What is this an example of?
Negotiating the Instrument
Refers to the process of bargaining or discussing the terms of a financial document, such as a check or a bill of exchange, to reach an agreement.
Restricting Payment
Implies conditions or limitations placed on the distribution or release of funds.
Special Indorsement
A signature on a negotiable instrument, such as a check, that specifies the person to whom the instrument is to be payable, thereby restricting further transfer.
Pay to the Order
A phrase written on checks or drafts instructing the financial institution to pay the specified amount to the individual or entity named.
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