If an Indorser Merely Signs His Name and Does Not

question 14

True/False

If an indorser merely signs his name and does not specify to whom the instrument is payable, he has made a constructive indorsement.

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Definitions:

Logistic Regression

A statistical method used for binary classification that estimates the probability of a binary response based on one or more predictor variables.

Binomial Probability

The probability of obtaining a fixed number of successful outcomes in a fixed number of trials, each with the same probability of success.

Logistic Regression

A statistical method for analyzing a dataset in which there are one or more independent variables that determine an outcome. The outcome is measured with a dichotomous variable (where there are only two possible outcomes).

Lactic Acid

An organic compound produced in muscles during intense activity and fermented foods, responsible for the sour taste.