A Person Who Takes an Instrument Containing a Restrictive Indorsement,"Pay

question 47

Multiple Choice

A person who takes an instrument containing a restrictive indorsement,"Pay to Jack Black in Trust for Mel Gibbs,":

• A)may not pay the proceeds to the indorsee without the due approval of the indorser.
• B)may pay the proceeds to the indorsee paying due regard to whether the indorsee violates a fiduciary duty to the indorser.
• C)may pay the proceeds to the indorsee without regard to whether the indorsee violates a fiduciary duty to the indorser.
• D)may pay the proceeds to the indorser only with the approval and concurrence of the indorsee.

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Definitions:

Agentic Traits

Characteristics associated with assertiveness, control, and confidence, often linked to leadership and initiative.

Communal Traits

Characteristics associated with a focus on community welfare, relationships, and the well-being of others over individual success.

Leadership Effectiveness

The degree to which a leader is successful in achieving desired outcomes through influencing others.

Gender Differences

Variations in behaviors, preferences, and roles traditionally associated with being male or female.