Negotiability Can Be Destroyed by a Conditional Endorsement

question 89

True/False

Negotiability can be destroyed by a conditional endorsement.

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Definitions:

Bankruptcy Estate

A legal term referring to the collective assets and liabilities that are considered part of the bankruptcy process.

Absolute Right

A legal or moral right that is not subject to any limitations or conditions; it must be upheld under all circumstances.

Bankruptcy Case

A legal proceeding involving a person or business that is unable to repay outstanding debts, overseen by a court.

Dismissed

The termination of a legal case or the discharge of an individual from employment.