Multiple Choice
Which of the following is required regarding indorsements?
A) An indorsement must be written on the back side of the instrument.
B) There must be compliance with Federal Reserve Board guidelines in order for the instrument to be negotiable.
C) An indorsement must be written on the instrument or on a paper affixed to the instrument.
D) An indorsement must be dated.
Correct Answer:
Verified
Correct Answer:
Verified
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Q5: Negotiability is destroyed by a qualified indorsement.
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