Which Order Paper When Indorsed Becomes a Bearer Paper

question 30

Multiple Choice

Which order paper when indorsed becomes a bearer paper?

• A) unqualified indorsement
• B) blank indorsement
• C) special indorsement
• D) special qualified indorsement

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Definitions:

Express Warranty

A clearly stated promise or guarantee about the quality or durability of a product, usually offered at the point of sale.

Enforceable

Capable of being imposed or carried out by law.

Warranties of Assignability

Guarantees that rights or interests can be transferred from one party to another in a contract or agreement.

Common Law

A body of unwritten laws based on legal precedents established by the courts.