Mycha Indorsed a Check from Her Aunt by Signing Her Name

question 18

True/False

Mycha indorsed a check from her aunt by signing her name on the back, but she dropped it on the subway on the way to the bank. The check is now comparable to cash because it is a bearer instrument.

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Definitions:

Late Payment

A financial term referring to the failure to meet the due date for a payment.

Official Capacity

The function or role that a person holds in an organization or as part of their formal job responsibilities.

Recommendations

Suggestions or advice given based on analysis or expertise aimed at guiding decisions or actions.

Buffer

In communication, a neutral or positive statement used to mitigate the impact of a following negative message.