A Forged or Unauthorized Indorsement Is by Definition

question 53

Multiple Choice

A forged or unauthorized indorsement is by definition:

• A) an indorsement of the person by whom it appears to have been made.
• B) no indorsement of the person by whom it appears to have been made.
• C) binding on the party who refuses to ratify the instrument.
• D) incapable of being ratified.

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Definitions:

Laughs

The act or sound of laughing, often a response to humor, joy, or a form of social bonding among people.

Role Set

The array of roles attached to a single status or social position that an individual occupies, illustrating the complexity of social interactions.

Status Set

A collection of social statuses that an individual occupies, such as student, parent, employee, which define roles and expectations.

Master Status

A status that has exceptional importance for social identity, often shaping a person's entire life and how they are perceived by others.