Asked by Ismael Colon on Jun 10, 2024
Verified
An indorsement must be written on the instrument itself.
Indorsement
The act of signing one's name on a financial document, such as a check, thereby transferring rights or title to another party.
- Comprehend the judicial importance and effects of indorsements on transferable documents.
Verified Answer
GF
Grace FeldmanJun 15, 2024
Final Answer :
False
Explanation :
An indorsement can be on the instrument itself or on a paper attached to it (allonge), as long as it is intended to be a part of the instrument.
Learning Objectives
- Comprehend the judicial importance and effects of indorsements on transferable documents.