A Payee Whose Name Is Misspelled on an Instrument Cannot

question 5

True/False

A payee whose name is misspelled on an instrument cannot indorse the instrument.

---

Definitions:

Longitudinal Design

A research method in which data is gathered for the same subjects repeatedly over a period of time to observe changes and development.

Inexpensive

Not costing a lot of money; affordable.

Cross-Sectional Design

A research method in which data is collected from a population, or a representative subset, at one specific point in time.

Longitudinal Study

A research design that involves repeated observations of the same variables (such as people) over short or long periods of time.