The signature on the back of an instrument to transfer commercial paper is known as an endorsement.

Name: The signature on the back of an instrument to transfer commercial paper is known as an endorsement.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This is a true statement. A signature on the back of an instrument, such as a check, is necessary to properly transfer ownership of the paper and is known as an endorsement.

The Signature on the Back of an Instrument to Transfer