Asked by kristian stevenson on May 08, 2024
Verified
Which of the following is the payee's or last endorsee's signature and nothing else?
A) A special endorsement
B) An allonge
C) A blank endorsement
D) A qualified endorsement
E) A restricted endorsement
Blank Endorsement
A payee’s or last endorsee’s signature on a negotiable instrument.
Payee's Signature
The signature of the individual or entity entitled to receive payment on a negotiable instrument or document.
Last Endorsee
The most recent party to whom a negotiable instrument, such as a check or promissory note, has been endorsed.
- Explain the procedural aspects and requirements for the negotiation and endorsement of negotiable instruments.
- Identify the characteristics and legal implications of different endorsement types (e.g., blank, special, restrictive).
Verified Answer
MZ
marcia zaneleMay 12, 2024
Final Answer :
C
Explanation :
According to Uniform Commercial Code Section 3-205(b),a blank endorsement is simply the payee's or last endorsee's signature and nothing else.
Learning Objectives
- Explain the procedural aspects and requirements for the negotiation and endorsement of negotiable instruments.
- Identify the characteristics and legal implications of different endorsement types (e.g., blank, special, restrictive).
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