Fact Pattern 25-1ARollo obtains a check payable to his order from Simone. Rollo signs the back and gives the check to Trey. Trey writes "Pay to Trey" above Rollo's signature.Refer to Fact Pattern 25-1A. When Trey writes "Pay to Trey" above Rollo's signature, Rollo's signature becomes
A. a blank indorsement.
B. a qualified indorsement.
C. a special indorsement.
D. a restrictive indorsement.
Answer: C
You might also like to view...
Retail stores are often classified on the breadth and depth of their merchandise assortment. The breadth of the merchandise is the number of different lines available. The merchandise breadth may be classified as ________ or ________.
A. shallow; broad B. narrow; broad C. shallow; deep D. narrow; full E. narrow; deep
An unauthorized signature is wholly inoperative and will not bind the person whose name is signed or forged
Indicate whether the statement is true or false
Very often governments seek to alter the market's valuation of their currency by influencing relative interest rates,
thus influencing the economic fundamentals of exchange rate determination rather than through direct intervention in the foreign exchange markets. Describe how this strategy works. Describe the case of the U.S. or China where the opposite effect, to the suggest here, have occurred. What will be an ideal response?
Which of the following is a reason why managers act to maximize shareholder wealth in Anglo-American markets?
A) the use of stock options to align the goals of shareholders and managers B) the market for corporate control that allows for outside takeover of the firm C) performance based compensation for executive management D) all of the above