A Forged or Unauthorized Indorsement Is by Definition

question 53

Multiple Choice

A forged or unauthorized indorsement is by definition:

• A) an indorsement of the person by whom it appears to have been made.
• B) no indorsement of the person by whom it appears to have been made.
• C) binding on the party who refuses to ratify the instrument.
• D) incapable of being ratified.

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Definitions:

Dividend Yield

The ratio of a company's annual dividend payments to its share price, indicating the income generated from stock investment.

Volatility

A statistical measure of the dispersion of returns for a given security or market index, often used to quantify the risk of investment.

Time to Maturity

The period left until the final payment date of a financial instrument, usually a bond or a loan.

Stock Price

The current price at which a share of stock can be bought or sold on the stock market.