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

question 510

Multiple Choice

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

• A) endorse the instrument
• B) deliver the instrument to a third party
• C) destroy the original instrument
• D) both a and b are necessary
• E) none of the other choices are correct

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Definitions:

Individuality

The quality or character of being an individual; possessing distinctive or unique characteristics, separate from others.

Groupthink

A phenomenon where the desire for harmony or conformity in a group leads to an irrational or dysfunctional decision-making outcome.

Devil's Advocate

A role adopted in discussions where an individual presents a contrary opinion or perspective for the sake of argument.

Social Loafing

The tendency for individuals to decrease their effort in pursuing a goal when working in a collaborative environment versus working on their own.