Question

A signature or stamp on the back of a check, transferring ownership. True or False?

Answer 1

A signature or stamp on the back of a check does not transfer ownership of the check, but instead signifies that the check has been endorsed by the payee.

Step-by-step explanation:

A signature or stamp on the back of a check does not transfer ownership of the check. Instead, it signifies that the check has been endorsed by the payee. The endorsement allows the check to be deposited or cashed by the payee or another authorized party.