Instruments Bearing Joint Payees Require the Endorsement of ________ Before

question 19

Multiple Choice

Instruments bearing joint payees require the endorsement of ________ before the instrument may be negotiated.

• A)any one of the listed payees
• B)a majority of the listed payees
• C)the most senior (i.e.,the oldest)payee
• D)all listed payees
• E)the drawee bank

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Definitions:

LED Lighting

Lighting technology that utilizes Light Emitting Diodes (LEDs) known for its energy efficiency, longevity, and compact size.

Permissible Length

The maximum legal dimension for the length of a vehicle or vehicle combination as defined by transportation regulations.

Semi-Trailer

A type of trailer designed to carry freight, attached at the front to a tractor unit, and supported at the rear by its own wheels.

Roll-Up Rear Door

A type of door commonly used on commercial vehicles and storage containers that rolls up to open, allowing for easy access to the cargo area.