Examlex
Read the following and indicate the false statement.
Bearer Instruments
Financial documents that entitle the holder or bearer to a sum of money or value stated on the document, without requiring ownership registration.
Indorsement
An act of signing a document, often found on the back of a check, to transfer rights or to authenticate.
Negotiating
The process of discussing and arriving at a mutual agreement between parties with differing needs or viewpoints.
Blank Indorsement
An indorsement that specifies no particular indorsee and can consist of a mere signature. An order instrument that is indorsed in blank becomes a bearer instrument.
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