Asked by Aliyah Grant on May 20, 2024

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Verified

How may the holder endorse the document in the event of a misspelled name?

A) Only with the misspelled name.
B) Only with the holder's actual name.
C) Only with the misspelled name followed by the actual name.
D) With the holder's actual name, with the misspelled name, or with the misspelled name followed by the actual name.
E) Endorsement is impossible in such a situation.

Misspelled Name

An error in the way a person's name is spelled on a document or in a database, which can lead to issues or confusion.

Endorse

To sign the back of a financial document or to publicly support a product, candidate, or policy.

Actual Name

The legal name under which an individual or entity is registered for official purposes.

  • Comprehend the variety of endorsements and their effects on negotiable instruments.
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Verified Answer

ZN
Zaina NaeemMay 25, 2024
Final Answer :
D
Explanation :
Endorsing a document with a misspelled name can be done in several ways to ensure the endorsement is recognized and valid. The holder can endorse it with the misspelled name as it appears on the document, with their actual correct name, or with both the misspelled name followed by the actual name. This flexibility helps in verifying the identity of the endorser and ensures that the endorsement is legally effective despite the initial error in the name spelling.