Ahmed Cohen received a check for $5,000 for a used car he sold.The check was marked "pay to the order of Ahmed Cohen." On back of this check he wrote,in his handwriting,"Ahmed Cohen." This has the legal effect of:

Question

Quizplus · Accepted Answer

If an indorser merely signs his name and does not specify to whom the instrument is payable,he has indorsed the instrument in blank.An instrument indorsed in blank is payable to the bearer (person in possession of it)and from that act is "bearer paper."

Ahmed Cohen Received a Check for $5,000 for a Used