A person who acquires the instrument on which the last endorsement is blank becomes the holder.
Correct Answer:
Verified
Q2: If an instrument bears a restrictive endorsement,
Q4: When the holder fails to endorse order
Q5: Order paper can be converted into bearer
Q6: A qualified endorsement qualifies the effect of
Q9: Order paper is negotiated by the indorsement
Q9: When a negotiable instrument is transferred by
Q10: An endorsement "Pay to Donald Hames, Cathy
Q11: A payee or endorsee whose name is
Q12: A restrictive endorsement specifies the purpose of
Q14: An instrument may be transferred by negotiation
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