An anomalous indorsement is:
A)one that specifically identifies the person to whose order the instrument is payable.
B)an indorsement made by a person that is not the holder of the instrument.
C)one that makes the signer liable on the instrument as an indorser.
D)Both (a) and (b).
E)Both (b) and (c).

Question

Quizplus · Accepted Answer

An anomalous indorsement is one made by a person who is not the holder of the instrument, and it makes the signer liable on the instrument as an indorser. This type of indorsement does not specifically identify the person to whose order the instrument is payable, which rules out option (a).

An Anomalous Indorsement Is