A Holder Can Convert a Blank Indorsement into a Special

question 53

True/False

A holder can convert a blank indorsement into a special indorsement by adding his or her signature on it.

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Definitions:

Executive Branch

The branch of federal and state government that is broadly responsible for implementing, supporting, and enforcing the laws made by the legislative branch and interpreted by the judicial branch.

Judicial Branch

One of the three branches of the U.S. government, responsible for interpreting the laws and the Constitution, and comprised of the Supreme Court and lower federal courts.

Presidential Election of 1876

A highly contested election where Rutherford B. Hayes was declared the winner over Samuel J. Tilden after a compromise that effectively ended Reconstruction by removing federal troops from the South.

Reconstruction

The period following the Civil War in the United States, focused on rebuilding the country and integrating formerly enslaved people into society.