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    Exam 27: Negotiation, Holder in Due Course, and Defenses
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    The Words,"Pay to Allan Smith" Followed by the Endorser's Signature
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The Words,"Pay to Allan Smith" Followed by the Endorser's Signature

Question 27

Question 27

Multiple Choice

The words,"Pay to Allan Smith" followed by the endorser's signature create a(n) ______ endorsement.


A) Blank
B) Allonge
C) Qualified
D) Special
E) Specific

Correct Answer:

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