181k views
11 votes
Indorsement consisting only of the indorser's signature is called

Blank indorsement
Special indorsement
Qualified indorsement

User MaTya
by
3.2k points

1 Answer

7 votes

Answer:

Blank Endorsement

Step-by-step explanation:

In a blank endorsement, the payee does not issue any instructions or restrictions regarding the check or financial instruments. It means a bank will consider the bearer of a check as its owner.

Blank endorsing is done by signing at the back of a check or the financial instruments. No other details are given. Due to this, a blank endorsement is risky. Use of other restrictive endorsement methods is encouraged.

User Fabel
by
3.8k points