A Restrictive Indorsement Does Not Destroy Negotiability

question 49

True/False

A restrictive indorsement does not destroy negotiability.

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Definitions:

Decentralised

A system where decision-making powers are distributed among various levels within an organization rather than being concentrated at a single point.

Extensive Delegation

The practice of assigning authority and responsibility widely within an organization to empower employees and improve decision-making processes.

Authority-and-Responsibility

Refers to the right to make decisions and the obligation to ensure tasks are completed as expected, often discussed in managerial and organizational contexts.

Supervisor

An individual in a position of authority who oversees the work of others, often directly managing employees.