Which of the Following Is True Regarding Negotiation of an Instrument

question 27

Multiple Choice

Which of the following is true regarding negotiation of an instrument?

• A) Negotiation of both an order instrument and bearer instrument is by delivery alone.
• B) Negotiation of both an order instrument and bearer instrument require endorsement plus delivery.
• C) Negotiation of an order instrument is by endorsement plus delivery, while negotiation of a bearer instrument is by delivery alone.
• D) Negotiation of a bearer instrument is by endorsement plus delivery, while negotiation of an order instrument is by delivery alone.
• E) Negotiation of both an order instrument and a bearer instrument requires both delivery and an additional three days to allow for bank clearance.

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Definitions:

Ball Glove

A piece of sports equipment used in baseball and softball to catch balls, made of leather or similar materials.

Velcro

A hook-and-loop fastener system used for temporary bonds, known for its easy attachment and detachment capabilities.

Manipulative Skills

Manipulative skills are physical actions that involve controlling objects with precision, using fine motor movements such as grasping, moving, or assembling.

Ages

Various stages of life characterized by different levels of maturity, growth, and development, often legally defined for specific rights and responsibilities.