A(n) ________ is a signature and other directions written by or on behalf of the holder somewhere on an instrument.
A) recommendation
B) assignment
C) indorsement
D) reference

Question

Quizplus · Accepted Answer

An indorsement (also spelled endorsement) is a signature and other directions written on an instrument (such as a check or promissory note) by or on behalf of the holder. It can be used to transfer ownership or to give instructions (such as to deposit the funds into a specific account). A recommendation is a statement of approval or support for someone or something. An assignment is the transfer of a right or property from one party to another. A reference is a person who can provide information about someone or something.

A(n) ________ Is a Signature and Other Directions Written by or on Behalf