Asked by
Alisha Quintal
on Nov 30, 2024
Verified
Which of the following is required regarding indorsements?
A) An indorsement must be written on the back side of the instrument.
B) Indorsements must comply with Federal Reserve Board guidelines in order for the instrument to be negotiable.
C) Indorsements must be made on a separate sheet of paper stapled to the instrument.
D) It must be the signature of the indorser.
Indorsement
A signature, usually on the back of a check or other negotiable instrument, that transfers the rights of the document to another party or specifies conditions for its use.
Federal Reserve Board
The governing body of the Federal Reserve System, responsible for the United States' monetary policy.
- Distinguish between different types of indorsements and their implications.
Verified Answer
TM
Learning Objectives
- Distinguish between different types of indorsements and their implications.