Silas deposits his paycheck in First American Bank without indorsing it. First American cannot become a holder until Silas completes the indorsement.

Name: Silas deposits his paycheck in First American Bank without indorsing it. First American cannot become a holder until Silas completes the indorsement.
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Question

Quizplus · Accepted Answer

A bank can become a holder of a check without an indorsement if it is deposited into an account, as the bank has the authority to supply the missing indorsement.

Silas Deposits His Paycheck in First American Bank Without Indorsing