In Order for an Instrument to Become Negotiable Without Investigation

question 31

Multiple Choice

In order for an instrument to become negotiable without investigation as to its validity through reference to circumstances or other documents,which of the following is the essential technical requirement that must be present?

• A) payee's endorsement
• B) authorized signature
• C) drawer's endorsement
• D) unconditional obligation

---

Definitions:

Homeless Shelter

A facility providing temporary accommodation and services for people who are without a home.

Sleep Out

Typically refers to spending the night outdoors, often in a context of homelessness or outdoor adventure, but can vary in usage.

Unfair Situation

A circumstance or condition that lacks justice, equity, or impartiality, often resulting in disadvantage or harm to individuals or groups.

Authority Figure

An individual who holds power or influence, often in a specific context like a parent, teacher, or leader, which enables them to guide or control others.