When an instrument is indorsed in blank, it becomes payable to the bearer and may be transferred by delivery alone.

Question

Quizplus · Accepted Answer

A blank indorsement consists of the signature alone written on the instrument. No particular indorsee (person to whom an instrument is indorsed) is named. When an instrument is indorsed in blank, it becomes payable to the bearer and may be transferred by delivery alone.

When an Instrument Is Indorsed in Blank, It Becomes Payable