Asked by Hudson Nyaki on May 12, 2024
Verified
Which of the following is the term for a person creating an endorsement?
A) An allonge
B) A transferor
C) A transferee
D) An endorser
E) An endorsee
Endorser
A person who signs the back of a negotiable instrument, such as a check, thereby transferring ownership or guaranteeing its payment.
Endorsement
Official approval or support of an idea, product, or entity, often documented or publicized.
- Comprehend the distinctions among different kinds of endorsements and their impacts on negotiation and liability.
Verified Answer
KP
Kayla PattersonMay 17, 2024
Final Answer :
D
Explanation :
An endorser is the term for a person who creates an endorsement, which is an act of signing one's name on the back of a check or other negotiable instrument to make it payable to someone else or to transfer ownership.
Learning Objectives
- Comprehend the distinctions among different kinds of endorsements and their impacts on negotiation and liability.
Related questions
The Words, Pay to Allan Smith Followed by the Endorser's ...
Which of the Following Words Are Necessary for an Endorsement ...
When an Instrument Is Being Transferred to an Agent or ...
Which Kind of Endorsement Places a Condition on Payment ...
Negotiating Bearer Instruments Requires Both Indorsement and Delivery Because the ...