QUESTION IMAGE
Question
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
Brief Explanations
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 who has the check can cash it. The first option is wrong as it does affect the check. The third option is wrong because it doesn't restrict use; instead, it broadens it. The fourth option is wrong as it doesn't cancel the check.
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B. Creates a check that can be cashed by anyone