Examlex
Match the following:
-Authority
Properly Drawn
A term indicating that a document, especially a legal document, has been prepared correctly and in accordance with all necessary formalities.
Endorsee
A person or entity to whom a negotiable instrument, such as a cheque or promissory note, is legally transferred through endorsement.
Bearer
An individual in possession of an instrument, such as a check or bond, that is payable to whoever holds it.
Negotiable Instrument
A paper that assures the payout of a certain sum of money, either when requested or at a predetermined time, with the document specifying the person responsible for payment.
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