Asked by Maren Williams on Jul 20, 2024
Verified
A(n) ________ is the person receiving an endorsement.
A) Allonge
B) Transferor
C) Transferee
D) Endorser
E) Endorsee
Transferee
An individual or entity that receives property, rights, or interests from another through a legal transfer process.
Endorsement
The act of signing the back of a negotiable instrument, which allows for the transfer of rights from one party to another or specifies particular conditions of transfer.
- Understand the function of delivery within the process of negotiation and the criteria needed for a legitimate transfer.
Verified Answer
CM
Christine MatosJul 21, 2024
Final Answer :
E
Explanation :
The correct term for the person receiving an endorsement is "Endorsee."
Learning Objectives
- Understand the function of delivery within the process of negotiation and the criteria needed for a legitimate transfer.
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