A blank indorsement turns a(n) __________instrument into a(n) __________ instrument.
A) negotiable; non-negotiable
B) non-negotiable; negotiable
C) bearer; order
D) order; bearer

Question

Quizplus · Accepted Answer

A blank endorsement, which consists simply of the endorser's signature, converts an order instrument (one that specifies to whom the payment is to be made) into a bearer instrument (one that states that payment is to be made to whoever holds the instrument). This makes the instrument payable to whoever has possession of it.

A Blank Indorsement Turns A(n) __________Instrument into A(n) __________ Instrument

A Blank Indorsement Turns A(n) Instrument into A(n) Instrument