Asked by bryan chavez on May 08, 2024
Verified
Who may endorse an instrument made payable to a legal entity such as a partnership?
A) The president
B) The chief executive officer
C) The chief financial officer
D) The treasurer
E) Any authorized representative
Legal Entity
A legal entity is an individual or organization that has legal rights and obligations, including the ability to enter into contracts, sue, and be sued.
Endorse
To give public approval or support to something or someone, often used in the context of brands, policies, or candidates.
Partnership
A legal arrangement in which two or more individuals or entities agree to operate a business jointly and share its profits and losses.
- Outline the procedures and requirements for the negotiation and endorsement of negotiable instruments.
Verified Answer
Learning Objectives
- Outline the procedures and requirements for the negotiation and endorsement of negotiable instruments.
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