
Cengage Advantage Books: Business Law 9th Edition by Arnold Goldman ,William Sigismond
Edition 9ISBN: 978-1133586562
Cengage Advantage Books: Business Law 9th Edition by Arnold Goldman ,William Sigismond
Edition 9ISBN: 978-1133586562 Exercise 6
Armond wrote a check payable to Gaston. Gaston negotiated this check to Wright using a blank indorsement. Fearing that she would lose the check before she got to the bank, Wright converted the blank indorsement into a special indorsement by writing the words "Pay to the order of Wilma Wright" over Gaston's signature. Was that legal?
Explanation
Indorsement:
An indorsement is a signat...
Cengage Advantage Books: Business Law 9th Edition by Arnold Goldman ,William Sigismond
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