Asked by Marianna Scaringella on May 30, 2024
Verified
An indorsement may be simple or complex.
Indorsement
The act of endorsing a check or bill of exchange to transfer the right to cash or deposit to someone else.
- Understand the legal ramifications and consequences of endorsements on negotiable instruments.
Verified Answer
IS
Isaac SalazarMay 31, 2024
Final Answer :
True
Explanation :
An indorsement can be simple (or blank) when it does not specify a particular endorsee and can be complex (or special) when it specifies the person to whom, or to whose order, the instrument is to be payable.
Learning Objectives
- Understand the legal ramifications and consequences of endorsements on negotiable instruments.