A blank indorsement indicates the person to whom the instrument is to be paid-that is, the transferee.

Name: A blank indorsement indicates the person to whom the instrument is to be paid-that is, the transferee.
Brand: Quizplus
Rating: 4.8 (36 reviews)

Question

Quizplus · Accepted Answer

A blank indorsement is simply the signature of the indorser without any other words or instructions. It does not indicate the person to whom the instrument is to be paid. It makes the instrument payable to bearer, which means it can be paid to whoever possesses the instrument.

A Blank Indorsement Indicates the Person to Whom the Instrument