Question

question 1
3.5 pts
a blank endorsement on a check:
google translate

• has no effect on the check
• creates a check that can be cashed by anyone
• restricts the use of the check
• cancels the check

Explanation:

A blank endorsement on a check means signing the back of the check without specifying a payee. This makes the check a bearer instrument, so anyone in possession of the check can cash or deposit it. The first option is wrong as it does affect the check's negotiability. The third option is wrong as it doesn't restrict use (it broadens it). The fourth option is wrong as it doesn't cancel the check.

Answer:

B. Creates a check that can be cashed by anyone