Asked by bryan chavez on May 08, 2024

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Who may endorse an instrument made payable to a legal entity such as a partnership?

A) The president
B) The chief executive officer
C) The chief financial officer
D) The treasurer
E) Any authorized representative

Legal Entity

A legal entity is an individual or organization that has legal rights and obligations, including the ability to enter into contracts, sue, and be sued.

Endorse

To give public approval or support to something or someone, often used in the context of brands, policies, or candidates.

Partnership

A legal arrangement in which two or more individuals or entities agree to operate a business jointly and share its profits and losses.

  • Outline the procedures and requirements for the negotiation and endorsement of negotiable instruments.
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HT
Hello ThereMay 11, 2024
Final Answer :
E
Explanation :
One complication regarding endorsements involves instruments made payable to a legal entity.If the legal entity is an estate,organization,partnership,or the like,the instrument may be endorsed by any authorized representative of the entity.