Indorsement Can Convert an Order Instrument into a Bearer Instrument

question 40

True/False

Indorsement can convert an order instrument into a bearer instrument

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Definitions:

Capacity

The legal ability and authority to enter into binding contracts and obligations.

Covenant Not to Compete

A legal agreement where one party agrees not to enter into or start a similar profession or trade in competition against another party.

Domesticated Cat

A feline companion animal that has been tamed and kept by humans as a pet or for catching vermin, distinguished from wild cats.

Illegal

Activities or actions that are forbidden by law and subject to criminal penalties or fines.