James Wants to Indorse a Check to Janice, but Wishes

question 2

Multiple Choice

James wants to indorse a check to Janice, but wishes to rid himself from all further liabilities. Which of the following types of indorsements is James likely to use in this case?

• A)Special indorsement
• B)Blank indorsement
• C)Restrictive indorsement
• D)Qualified indorsement

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Definitions:

Regression Model

A statistical approach to modelling the relationship between a dependent variable and one or more independent variables.

Residual Value

The estimated salvage value of an asset at the end of its useful life.

Observation

An individual data point or measurement recorded during a study or experiment.

Linear Regression

A statistical method for modeling the relationship between a dependent variable and one or more independent variables by fitting a linear equation to the data.