Fact Pattern 25-A1 (Questions A5-A8 Apply)

question 3

Multiple Choice

Fact Pattern 25-A1 (Questions A5-A8 apply)
Rollo obtains a check payable to his order from Simone.Rollo signs the back and gives the check to Trey.Trey writes "Pay to Trey" above Rollo's signature.
-Refer to Fact Pattern 25-A1.After Trey writes "Pay to Trey" above Rollo's signature,further negotiation of the check

• A)requires Rollo's re-indorsement and delivery.
• B)requires delivery alone.
• C)requires Trey's indorsement and delivery.
• D)is not possible.

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Definitions:

Syndicate

A group of individuals or organizations combined to promote a common interest.

Contracts Fraud

Contracts fraud involves the intentional deception or misrepresentation made by a party in a contract to gain a financial advantage or to harm the other party, often relating to the falsification or concealment of information.

Business Organization

The structure and framework within which an enterprise operates, detailing the roles, relationships, and responsibilities of its entities.

Pool Their Resources

To combine assets, funds, or talents of a group of people for a common purpose or to achieve a common goal.