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:

Merchandise Trade Balance

The difference between the value of merchandise exports and the value of merchandise imports.

Services Trade Balance

The difference in value between a country's exported and imported services, indicating whether a country is a net exporter or importer of services.

Trade Balance

The difference between a country's exports and imports of goods and services.

Colonial Power

A country that establishes control over foreign territories to exploit them economically, politically, and culturally.