What Happens If the Name of the Indorsee or Payee

question 40

Multiple Choice

What happens if the name of the indorsee or payee is misspelled in an indorsement?

• A) The instrument becomes nonnegotiable.
• B) The instrument can be indorsed with the misspelled name.
• C) The instrument has to be remade to be valid.
• D) The instrument cannot be subsequently indorsed.

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Definitions:

Protists

Eukaryotic organisms that are not animals, plants, or fungi, often found in moist or aquatic environments.

Folic Acid

A B-vitamin essential for red blood cell formation and for healthy cell growth and function.

Vitamin B12

An essential nutrient that helps keep the body's nerve and blood cells healthy and helps make DNA, the genetic material in all cells; also known as cobalamin.

Synthesized

Created or assembled from simpler components, typically referring to the production of substances by chemical or biological processes.