________ Is Defined to Mean "A Signature (Other Than That

question 24

Multiple Choice

________ is defined to mean "a signature (other than that of a maker,drawer or acceptor) that alone or accompanied by other words,is made on an instrument for purpose of (i) negotiating the instrument,(ii) restricting payment of the instrument,or (iii) incurring indorser's liability on the instrument."

• A)Indemnification
• B)Recoupment
• C)Indorsement
• D)Ratification

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Definitions:

Marginal Utility

The change in satisfaction or utility that an individual gains from consuming an additional unit of a good or service.

Marginal Utility

The extra pleasure or benefit gained by a consumer from consuming one more unit of a product or service.

Utility Maximizing Rule

A principle in economics stating that to maximize satisfaction or utility, consumers allocate their expenditures so that the last unit of currency spent on each product provides the same level of marginal utility.

Budget Constraint

The limitation on the purchasing ability of a consumer based on available income and prices.