Kent Weston wrote a check for $500 payable to the order of Chester Jones.Chester indorsed the back of the check as follows: "Chester Jones." The check is now
A)order paper.
B)bearer paper.
C)a cashier's check.
D)special paper.

Question

Quizplus · Accepted Answer

When Chester Jones endorsed the check by simply signing his name on the back, he did not specify a new payee. This action converts the check into bearer paper, meaning whoever holds the check can cash it.

Kent Weston Wrote a Check for $500 Payable to the Order