The type of indorsement used in first negotiating an instrument affects its subsequent negotiation.

Name: The type of indorsement used in first negotiating an instrument affects its subsequent negotiation.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The type of endorsement used in first negotiating an instrument determines the rights and obligations of subsequent parties and affects its subsequent negotiation. Different types of endorsement can either limit or expand the negotiability of an instrument.

The Type of Indorsement Used in First Negotiating an Instrument