Which of the Following Is True in the Event an Instrument

question 24

Multiple Choice

Which of the following is true in the event an instrument contains more than one endorsement?

• A) Each endorser is liable for the full amount to the subsequent endorser or to the holder.
• B) Only the last endorser is liable to the holder and no prior endorsers are liable to a subsequent endorser.
• C) Each endorser is liable for the full amount to the subsequent endorser, but only the last endorser is liable to any holder.
• D) The last endorser is liable to the holder, whereas subsequent endorsers are not liable to the holder, but are responsible for reimbursing the last endorser in proportion to the number of endorsers that exist.
• E) Each endorser is liable to the holder in proportion to the number of endorsers that exist.

---

Definitions:

Cross-Sectional Area

The total area within the boundary of a three-dimensional object when it is cut through perpendicularly to its longest axis.

Field Diameter

The length of the visible field observed through the microscope or another imaging device.

Total Magnification

The combined magnification achieved when using a microscope, determined by multiplying the objective lens magnification by the eyepiece lens magnification.

Economic Order Quantity

A calculation used to determine the most cost-effective quantity of stock to order, balancing ordering costs with holding costs.