Asked by
Sonali Patel
on Nov 15, 2024Verified
A blank endorsement on a check:
A) can be further endorsed by someone else.
B) cannot be further endorsed by someone else.
C) is the safest type of endorsement.
D) permits only the original endorser to get the money.
Blank Endorsement
A signature without any restrictions or instructions, allowing any holder of the document to execute a transaction.
Endorsed
The act of signing the back of a negotiable instrument, such as a check, thus transferring rights or title to another party.
- Distinguish among the different kinds of endorsements and understand their effects on the process of check negotiation.
Verified Answer
LS
Learning Objectives
- Distinguish among the different kinds of endorsements and understand their effects on the process of check negotiation.