Alejandro signs on the back of an instrument;he is considered to be
A)an indorser.
B)an acceptor.
C)an issuer.
D)None of these are correct.

Question

Quizplus · Accepted Answer

Signing on the back of an instrument is known as an endorsement. An indorser is a person who endorses the instrument i.e., signs on the back of it, thereby transferring the ownership rights to another person (the indorsee). Hence, Alejandro is considered to be an indorser. Options B and C are not applicable here; an acceptor is someone who accepts a draft or a bill of exchange (usually payable at a later date) and becomes responsible for payment, while an issuer is the person or organization responsible for creating and issuing the instrument in the first place. Option D is incorrect as one of the options (A) is the correct answer.

Alejandro Signs on the Back of an Instrument;he Is Considered