An Instrument Payable to Two or More Persons in the Alternative

question 4

True/False

An instrument payable to two or more persons in the alternative requires the indorsement of both payees for negotiation.

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Definitions:

African American

An ethnic group in the United States with total or partial ancestry from any of the black racial groups of Africa, often focusing on those with a heritage connected to slavery and discrimination in the U.S.

High School-Educated

Referring to individuals who have completed their secondary education, often used in demographic analyses or discussions of educational attainment.

Political Efficacy

An individual's belief in their own ability to influence political processes and the effectiveness of their participation in politics.

Elite Democrats

This term could suggest members of the Democratic Party who hold significant power, influence, or status, either socially or within the party hierarchy.