If an Instrument Is Payable to Alternative Payees or If

question 9

True/False

If an instrument is payable to alternative payees or if it has been negotiated to alternative indorsees,it may be indorsed and delivered by either of them.

---

Definitions:

Industry Structure

The characteristics that influence the nature of competition and pricing in a particular industry, including the number and size of firms, entry barriers, and product differentiation.

Government Restrictions

Regulations imposed by authorities to control or limit certain activities, behaviors, or operations.

Exclusive Right

A legal provision giving the holder the sole permission to produce, use, or sell a particular commodity or concept.

Cement

A binding agent used in construction that sets, hardens, and adheres to other materials, commonly used to bind sand and gravel in concrete.