When the holder of commercial paper signs his or her name, with or without other words, on the back of the instrument, this writing is referred to as a(n) :
A) acknowledgment.
B) endorsement.
C) receipt.
D) acceptance.
Correct Answer:
Verified
Q1: The use of a qualified endorsement affects
Q2: A defense against payment of commercial paper
Q3: An endorsee of an instrument is the
Q4: Commercial paper must be presented for payment
Q6: An endorsement where the name of the
Q7: One of the characteristics of commercial paper
Q8: An endorsement in which the payee specifies
Q9: An endorser of an instrument cannot be
Q10: In order to ensure the negotiability of
Q11: The holder of dishonored commercial paper must
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents