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) None of these.

Question

Quizplus · Accepted Answer

Indorsements do not have to be on the back of the instrument or on a separate sheet of paper. They must be written on the instrument itself, but there are no specific federal guidelines that dictate the exact placement or form of the indorsement for negotiability.

Which of the Following Is Required Regarding Indorsements