An __________ is a signature, other than that of a signer as maker, drawer or acceptor of the instrument, for the purpose of negotiating the instrument.
A) implied warranty
B) indorsement
C) implication
D) All of the choices are correct.

Question

Quizplus · Accepted Answer

An indorsement is a signature on a negotiable instrument, such as a check or promissory note, by someone other than the original signer, maker, drawer, or acceptor, with the purpose of transferring ownership or guaranteeing the instrument's validity.

An __________ Is a Signature, Other Than That of a Signer