If an Instrument Is Payable Jointly Using the Word "And

question 39

True/False

If an instrument is payable jointly using the word "and," both persons' indorsements are necessary to negotiate the instrument.

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Definitions:

Social Norms

The unwritten rules that govern the behavior of individuals within a society or group.

Immoral Manager

A manager who chooses to behave unethically.

Ethical Implications

Refers to the moral consequences or considerations of a decision, action, or policy in various aspects of human activities.

Kohlberg's Conventional

A stage in Kohlberg's theory of moral development where individuals' reasoning is based on societal norms and the expectations of important others.