To Transfer an Instrument Made "To the Order" of the Payee

question 479

Multiple Choice

To transfer an instrument made "to the order" of the payee, the payee must:

• A) endorse, but not deliver the instrument to a third party
• B) have the instrument rewritten by a district court official
• C) destroy the original instrument
• D) create an addendum to the original instrument
• E) none of the other choices are correct

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Definitions:

Contribution Margin

The portion of sales revenue that exceeds variable costs, contributing towards covering fixed costs and generating profit.

Variable Cost

Costs that change in proportion with the level of output or activity, such as raw materials and labor costs.

Scenario Analysis

A process of examining and evaluating possible events or scenarios that could affect the outcome of a decision or a projection.