The Negotiation and Ratification of a Contract by the Bargaining

question 1

Multiple Choice

The negotiation and ratification of a contract by the bargaining unit creates a(n) _____ equilibrium.

• A) employment
• B) management relations
• C) union relations
• D) divisional

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Definitions:

Indorser

A person who signs a negotiable instrument on the back to endorse it to another entity, transferring ownership.

Conditional Indorsement

An indorsement that makes the rights of the indorsee subject to the happening of a certain event or condition.

Indorsement

A signature or instruction written on the back of a negotiable instrument, such as a check, which specifies the terms of transfer.

Forged Check

A check that has been illegally modified or fabricated entirety by someone other than the account holder, intended to deceive and facilitate unauthorized transactions.