Examlex

Solved

Insights from the Literature

question 14

Multiple Choice

Insights from the literature:


Definitions:

Forged Indorsement

An unauthorized signature on a negotiable instrument, such as a check, with the intent to fraudulently obtain or transfer money.

Effective Indorsement

A signature on a negotiable instrument, such as a check or promissory note, that transfers the rights in that instrument to another party.

Holder

An individual or entity that legally possesses a negotiable instrument, such as a check or bond, and has the right to collect the value of the instrument.

Blank Indorsements

involves an endorsement on a financial instrument, like a check, that specifies no endorsee, making it payable to the bearer.

Related Questions