An indorsement that says, "Pay to the Order of John Jones, signed Michael Johnson" is a blank indorsement that turns a check into bearer paper.
Correct Answer:
Verified
Q7: Revised Article 3 provides that the impostor
Q9: A negotiation is void if the transaction
Q25: A qualified indorsement plus delivery would transfer
Q28: A conditional indorsement is one by which
Q29: A holder of an instrument with a
Q31: An indorsement in trust creates a trust
Q32: A qualified indorsement does not destroy negotiability
Q33: A negotiation can be effective to transfer
Q35: The Code specifies that the signer is
Q38: Any transfer for value of an instrument
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