What type of endorsement is illustrated by the following example: Tom Ash 7609-25-26-3 A) Restrictive endorsement B) Full endorsement C) Blank endorsement D) Signature endorsement

Question

Mathematics

Payten Arias

31 October, 13:32

What type of endorsement is illustrated by the following example: Tom Ash 7609-25-26-3 A) Restrictive endorsement B) Full endorsement C) Blank endorsement D) Signature endorsement

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Brandy · Answer 1

The answer is letter c which is blank endorsement. It is a sign by the maker of an instrument, for instance a check, which allows any holder of the instrument to declare a claim for payment. Since no payee is stated, such an endorsement fundamentally turns the instrument into a bearer security.