Examlex
Which of the following statements is true?
Conditional Indorsement
Refers to a signature on a financial document, such as a check, that limits the conditions under which it can be valid.
Negotiability
The quality of a financial instrument, such as a check or bill of exchange, that allows it to be transferred from one party to another through endorsement or delivery.
Traveler's Checks
Preprinted, fixed-amount checks designed to allow the person signing it to make an unconditional payment to someone else as a result of having paid the issuer for this privilege.
Negotiable
Capable of being transferred or exchanged for value by endorsement or delivery.
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