Asked by Marina González on Jun 17, 2024
Verified
Which of the following types of paper requires delivery and an endorsement by the holder?
A) A bearer instrument
B) A qualified instrument
C) An order instrument
D) A conditional instrument
E) A certified instrument
Order Instrument
A financial instrument or document that is payable to a specific person or entity, as named on the document.
Delivery
The act of transferring something from one party to another, often referring to goods, documents, or titles.
Endorsement
An act of giving one's public approval or support to someone or something, or in finance, the signature on the back of a check necessary for its negotiation.
- Elucidate the procedural steps and necessary conditions for the negotiation and endorsement of negotiable instruments.
Verified Answer
Learning Objectives
- Elucidate the procedural steps and necessary conditions for the negotiation and endorsement of negotiable instruments.
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