A ________ Indorsement Contains the Signature of the Indorser Along

question 25

Multiple Choice

A ________ indorsement contains the signature of the indorser along with words indicating to whom,or to whose order,the instrument is payable.

• A)qualified
• B)conditional
• C)special
• D)blank

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Definitions:

Promisee

The person to whom a promise is made in a contractual agreement, and who stands to benefit from its fulfillment.

Promise

A promise or guarantee that an individual will take a specific action or ensure a certain event occurs.

Legally Sufficient

Describes evidence or information that meets the established legal standards to support a claim or decision in court.

Consideration

The exchange of something of value in return for the promise or service of another party, a fundamental component of a valid contract.