Asked by Lisbeth Molina on Jun 05, 2024
Verified
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.
Verified Answer
Learning Objectives
- Absorb the workings and legal obligations involved in the negotiation, endorsement, and conveyance of negotiable instruments pursuant to the Uniform Commercial Code.
Related questions
If the Holder's Name on an Instrument Is Misspelled or ...
Negotiation,as Defined by the UCC in Section 3-201,is the Transfer ...
When a Depositary Bank Receives a Check,it Must Present the ...
A Customer Issues a Stop-Payment Order When She Has Issued ...
Check 21 Allows Banks to Forgo Sending Original Checks as ...