An indorsement must be written within 1 1/2 inches of the trailing edge of the back of the check and must be written in ink or the check's negotiability is destroyed.
Correct Answer:
Verified
Q2: Every indorsement is either blank or special.
Q5: Both negotiable instruments and nonnegotiable undertakings are
Q9: A negotiation is void if the transaction
Q12: The type of indorsement used in first
Q18: Under the shelter rule,the transferee gets the
Q22: Maria gives Joe $250 cash in return
Q26: A check is made payable "to the
Q31: An executory promise is the giving of
Q32: A person who takes a check stamped
Q39: A mere holder or an assignee takes
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