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:

Sample Size

The number of observations or subjects selected from a population for a study.

T Distribution

A statistical distribution used when the sample size is small and the population standard deviation is unknown.

One-tailed Test

A hypothesis test in which the region of rejection is on only one side of the sampling distribution, used when assessing the direction of a relationship.

Degrees Of Freedom

The scope of unique values or measurements which can be applied to a statistical distribution.