Which of the Following Is Required Regarding Indorsements

question 4

Multiple Choice

Which of the following is required regarding indorsements?

• A) An indorsement must be written on the back side of the instrument.
• B) Indorsements must comply with Federal Reserve Board guidelines in order for the instrument to be negotiable.
• C) Indorsements must be made on a separate sheet of paper stapled to the instrument.
• D) It must be the signature of the indorser.

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Definitions:

Frederick W. Taylor

An American mechanical engineer who sought to improve industrial efficiency and is known as the father of scientific management.

Economic Concentration

A situation where a small number of firms or businesses control a large portion of market share within an industry.

Nineteenth Century

The period from January 1, 1801, to December 31, 1900, marked by significant social, political, and industrial changes worldwide.

Freedom of Contract

A principle that individuals have the liberty to form, define, and enforce contracts without unnecessary intervention from the government.