Which of the Following Is True Regarding the Complaint of Mary

question 42

Multiple Choice

Which of the following is true regarding the complaint of Mary that she did not also endorse the instrument?

• A) She is correct because both names are required in order to provide legal endorsement.
• B) She is correct in that her name was needed for legal endorsement, but that is only the case because of the name misspelling of Annie's name.
• C) She is correct because regardless of whether the payees are listed with no designation as to whether they are alternate or joint, or whether the words, "or," or "and," are used to designated payees, any listed payee must endorse a note in order for it to be properly payable.
• D) She is incorrect because Annie properly endorsed the note, and only her signature was needed.
• E) She is incorrect, but only if it can be established that Bill Brown lacked knowledge that she had not given her consent to the form of the endorsement.

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Definitions:

Lorde

A reference likely to Audre Lorde, a Caribbean-American writer, radical feminist, womanist, lesbian, and civil rights activist known for her work on race, gender, and sexuality.

Test And Learn

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Experimentation

The process of conducting trials to test hypotheses, explore new ideas, or validate the effects of changes.

Established Companies

Firms that have been in business for a significant period and have developed a stable, profitable business model.