Asked by Jordanna Porter on May 16, 2024
Verified
Julianne has received a check that she would like to cash, however there is no room for her to endorse the check herself. Julianne can attach a(n) ________ which would allow her to endorse the check.
A) acknowledgement
B) bearer paper
C) special endorsement
D) allonge
E) order paper
Allonge
Accompanying a negotiable instrument, a piece of paper that provides room for an endorsement if no room is available on the negotiable instrument itself.
Endorse
To give support or approval to something or someone, often by writing a signature on a document to authorize its validity or transfer.
Check
A special draft that orders a bank (the drawee) to pay a specified sum of money to the payee from the drawer’s account.
- Absorb information regarding different forms of endorsements and their significance for negotiable instruments.
Verified Answer
Learning Objectives
- Absorb information regarding different forms of endorsements and their significance for negotiable instruments.
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