If a payee's name is misspelled,the payee will be prevented from indorsing the instrument,as it may amount to fraud,depending on the jurisdiction the payee resides in.

Name: If a payee's name is misspelled,the payee will be prevented from indorsing the instrument,as it may amount to fraud,depending on the jurisdiction the payee resides in.
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Question

Quizplus · Accepted Answer

A misspelled name does not necessarily prevent endorsement; the payee can endorse using the incorrect spelling or correct it, depending on the jurisdiction's rules.

If a Payee's Name Is Misspelled,the Payee Will Be Prevented