When an Instrument Is Being Transferred to an Agent or Trustee

question 30

Multiple Choice

When an instrument is being transferred to an agent or trustee for the benefit of either the endorser or a third party,which kind of endorsement is used?

• A)Trust endorsement.
• B)Endorsement to prohibit further endorsement.
• C)Conditional endorsement.
• D)Bearer endorsement.
• E)Conditional bearer endorsement.

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Definitions:

Genotype

The genetic makeup of an individual organism, including all of their genes, both expressed and not expressed.

Phenotype

Phenotype is the set of observable characteristics or traits of an organism, resulting from the interaction of its genotype with the environment.

Molecule

The smallest unit of a chemical compound that can exist, consisting of two or more atoms bonded together.

DNA

Deoxyribonucleic acid, a molecule that carries the genetic instructions used in the growth, development, functioning, and reproduction of all known living organisms and many viruses.