Asked by Naomi Allen on May 10, 2024
Verified
Which of the following may endorse an instrument made payable to a legal entity such as a partnership?
A) The managing partner only.
B) The financial officer only.
C) The bookkeeper only.
D) The treasurer only.
E) Any authorized representative.
Authorized Representative
An individual or entity legally empowered to act on behalf of another person or organization.
Legal Entity
A legal entity refers to any company or organization that has legal rights and obligations, including the capacity to enter into contracts and loans, sue and be sued.
Partnership
A business structure where two or more individuals share ownership, as well as the profits and liabilities of the business.
- Know who can endorse instruments made payable to entities and the effect of such endorsements.
Verified Answer
Learning Objectives
- Know who can endorse instruments made payable to entities and the effect of such endorsements.
Related questions
A(n) ________ Endorsement Is the Endorser's Signature Along with a ...
Which of the Following Are Types of Unqualified Endorsements ...
Which of the Following Is the Payee's or Last Endorsee's ...
How May the Holder Endorse the Document in the Event ...
Julianne Has Received a Check That She Would Like to ...