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    Negotiation Types and Endorsement

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    Negotiation of which types of instrument requires endorsement?
    1. Bearer instruments only
    2. Order instruments only
    3. Both bearer and order instruments
    4. neither bearer nor order instruments

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    Solution Preview

    An order instrument is a negotiable instrument that is payable to the order of a specific person. In other words, it contains the name of a payee capable of ...

    Solution Summary

    This response discusses the endorsement required for different types of instruments.