When an Endorsement Is Made on the Instrument, It Can

question 43

Multiple Choice

When an endorsement is made on the instrument, it can be further negotiated only when it has been indorsed by the specified person. Such an endorsement is a:

• A) specific endorsement.
• B) definite endorsement.
• C) declarative endorsement.
• D) special endorsement.

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Definitions:

Asset Management

The systematic process of developing, operating, maintaining, and selling assets in a cost-effective manner.

Spot Market

A public financial market in which commodities or financial instruments are traded for immediate delivery and payment.

Bulk Sales

Transactions involving large quantities of goods, often at a discount.

Barbecue Sauce

A flavoring sauce used as a marinade, basting, or topping for meat cooked in the barbecue cooking style.