If Jonathan Indorses an Instrument in Blank and Gives It

question 40

Multiple Choice

If Jonathan indorses an instrument in blank and gives it to Lily, she _____.

• A) must indorse it before it can be negotiated further
• B) may negotiate it without indorsing it
• C) cannot convert the blank indorsement to a special one
• D) is not liable even if she indorses it as it was given to her by Jonathan

---

Definitions:

Social Convoy Theory

A theory suggesting that individuals go through life surrounded by a group of people (a "convoy") who provide social support, which can change in size and composition over time.

Relationships

Connections or associations between two or more people, which can be based on friendship, love, solidarity, or other social commitments.

Sandwich Generation

A demographic group that concurrently takes care of their aging parents and their own children, facing pressures from both caretaking roles.

Middle-aged People

Individuals typically ranging in age from about 40 to 65, experiencing various physical, psychological, and social changes.