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A Blank Indorsement Indicates the Person to Whom the Instrument

question 38

True/False

A blank indorsement indicates the person to whom the instrument is to be paid-that is, the transferee.


Definitions:

Past Litigation

Legal disputes or lawsuits that have been resolved or decided previously.

Undisclosed Principal

A principal whose existence is not known by a third party. That is, the third party does not know an agent is acting on behalf of a principal.

Personal Service

The delivery of legal documents directly to a person to inform them of legal proceedings or obligations, ensuring they are aware and can respond accordingly.

Apparent Authority

The appearance or assumption of authority based on the actions of the principal, leading others to believe that an agent has the power to act on behalf of the principal.

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