Examlex
Which one of the following is NOT an interactive segment of a firm's external environment?
Indorser
The person who signs and transfers a negotiable instrument, such as a check or promissory note, to another party.
Secondary Liability
The legal obligation to pay a debt if the primary obligor defaults, usually applied in cosigning contexts.
Blank Check
A check signed by the drawer with the amount left blank, allowing the payee to enter any amount.
Raising The Check
Increasing the amount payable on a check, often through unauthorized alteration.
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