Examlex

Solved

A Positive Correlation Shows That

question 16

Multiple Choice

A positive correlation shows that


Definitions:

Indorsement in Trust

A specification on a negotiable instrument where the indorsement indicates that the endorsee has trustee status, making them responsible for managing the instrument according to trust terms.

Bearer Instrument

A negotiable financial instrument that designates payment to whoever holds the instrument, not requiring ownership to be registered with the issuer.

Indorsed

The act of signing one's name on the back of a check or other negotiable instrument for the purpose of transferring rights or entitlements.

Ratification

The formal approval of an agreement, treaty, or act, making it officially valid.

Related Questions