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 is when the payee signs the back of the check without specifying a new payee. This makes the check a bearer instrument, meaning anyone who possesses the check can cash or deposit it. The first option is incorrect as a blank endorsement does affect the check. The third option is wrong because it doesn't restrict use (in fact, it broadens it to any bearer). The fourth option is incorrect as it doesn't cancel the check.

Answer:

B. Creates a check that can be cashed by anyone (assuming the options are labeled A, B, C, D with A being "Has no effect on the check", B being "Creates a check that can be cashed by anyone", C being "Restricts the use of the check", D being "Cancels the check")