Asked by Brit'Ney McCoy on Apr 24, 2024
Kostas is sending his brother-in-law and agent, Ben, who he does not particularly trust, to deposit a check belonging to Kostas into Kostas's business bank account. What is the best way for Kostas to endorse the check to attempt to limit any misappropriation?
Misappropriation
The unauthorized use of another's name, likeness, or property without permission, typically for one's own benefit.
Endorse
means to give public support, approval, or recommendation to something or someone, often seen in the context of celebrities endorsing products or political figures.
Check
A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer.
- Recognize and delineate the varieties of endorsements and their corresponding legal consequences.
- Comprehend the principles of negotiation and how endorsements contribute to the transferability of negotiable instruments.
Learning Objectives
- Recognize and delineate the varieties of endorsements and their corresponding legal consequences.
- Comprehend the principles of negotiation and how endorsements contribute to the transferability of negotiable instruments.
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