Ownership of a check is transferred by indorsement by its payee.

Name: Ownership of a check is transferred by indorsement by its payee.
Brand: Quizplus
Rating: 4.9 (50 reviews)

Question

Quizplus · Accepted Answer

Ownership of a check may be transferred to another person by indorsement by the payee. An instrument is indorsed when the holder signs it, thereby indicating the intent to transfer ownership to another. Indorsements may be written in ink, typewritten, or stamped with a rubber stamp.

Ownership of a Check Is Transferred by Indorsement by Its