An Anomalous Indorsement Is

question 62

Multiple Choice

An anomalous indorsement is:

• A)one that specifically identifies the person to whose order the instrument is payable.
• B)an indorsement made by a person that is not the holder of the instrument.
• C)one that makes the signer liable on the instrument as an indorser.
• D)Both (a) and (b).
• E)Both (b) and (c).

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Definitions:

Groundwater

Water held underground in the soil or in pores and crevices in rock.

Accounts Receivable

Funds that are due to a company from its customers for products or services that have been provided but remain unpaid.

Sales Revenue

The total income received by a company from its sales of goods or services, before any expenses are subtracted.

Cash Collected

The total amount of cash received by a company during a specific period, including receipts from sales, services, and other sources.