If there is no indorsee designated on an indorsement bearing only the indorser's signature,it is a(n):
A) qualified indorsement.
B) conditional indorsement.
C) blank indorsement.
D) allonge.

Question

Quizplus · Accepted Answer

A blank indorsement is one where the indorsement bears only the indorser's signature and does not specify an indorsee. This makes the instrument payable to the bearer, which means that whoever possesses the instrument is the legal owner and can negotiate it further.

If There Is No Indorsee Designated on an Indorsement Bearing