Asked by Lisbeth Molina on Jun 05, 2024

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An indorsement is a signature of the holder typically on the back of a check.

Indorsement

The act of signing the back of a negotiable financial instrument, thereby making it payable to someone other than the named holder.

Signature

A person's name written in a distinctive way as a form of identification in authorizing a document.

Check

A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer or a designated entity from the drawer's account.

  • Absorb the workings and legal obligations involved in the negotiation, endorsement, and conveyance of negotiable instruments pursuant to the Uniform Commercial Code.
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LS
Lianna SirelJun 10, 2024
Final Answer :
True
Explanation :
An indorsement is made by adding the signature of the holder of the instrument to the instrument,usually on the back of it.