The Words,"Pay to Allan Smith" Followed by the Endorser's Signature

question 27

Multiple Choice

The words,"Pay to Allan Smith" followed by the endorser's signature create a(n) ______ endorsement.

• A) Blank
• B) Allonge
• C) Qualified
• D) Special
• E) Specific

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Definitions:

Legal System

A comprehensive system of rules and principles, organized by governmental and societal institutions, to administer justice and regulate conduct.

Court System

The organizational structure of courts that interprets and applies law in legal cases, including various levels such as local, state, and federal courts.

Federally Chartered Bank

A bank that operates under a charter granted by the federal government, often subject to different regulations than state-chartered banks.

Articles of Incorporation

A document that establishes the existence of a corporation and includes fundamental details like the corporation's name, purpose, and structure.