A check drawn "Pay to the Order of Shoma Chatterjee" is indorsed "Shoma Chatterjee" by Shoma. Given this information, we can conclude that the type of indorsement is _____.
A) special
B) restrictive
C) blank
D) qualified

Question

Quizplus · Accepted Answer

If an indorser merely signs his name and does not specify to whom the instrument is payable, he has indorsed the instrument in blank. An instrument indorsed in blank is payable to the bearer (person in possession of it) and from that act is "bearer paper." Here, since the check drawn "Pay to the Order of Shoma Chatterjee" is indorsed "Shoma Chatterjee" by Shoma, she has indorsed it in blank.

A Check Drawn "Pay to the Order of Shoma Chatterjee