A Blank Indorsement Turns A(n) __________Instrument into A(n) __________ Instrument

question 37

Multiple Choice

A blank indorsement turns a(n) __________instrument into a(n) __________ instrument.

• A) negotiable; non-negotiable
• B) non-negotiable; negotiable
• C) bearer; order
• D) order; bearer

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Definitions:

Lowballing Strategy

A sales technique where an item is initially offered at a lower price than is actually intended to be charged, after which the price is increased.

Obligated To Reciprocate

A social norm suggesting that individuals should return a favor or service, contributing to the establishment of reciprocal social exchanges.

Obedience

The act of following orders or directives from an authority figure, even if they are against one's personal wishes.

Authority

The power or right to give orders, make decisions, and enforce obedience.