Essentials of Business Law 7th Edition by Anthony Liuzzo

Exercise 1

Match each of the numbered definitions with the correct term in the following list. Write the letter of your choice in the answer column.
a. bearer instrument
b. blank endorsement
c. counterclaim
d. dishonorment
e. holder in due course
f. endorsee
g. endorsement
h. endorser
i. material alteration
j. personal defense
k. qualified endorsement
l. presentment
m. real, or absolute, defense
n. restrictive endorsement
o. special, or full, endorsement
An endorsement by which the payee of an instrument transfers it to the order of another person.