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What Is the Effect of a Blank Endorsement

Question 104

Multiple Choice

What is the effect of a blank endorsement?


A) It turns previous order paper into bearer paper.
B) It turns previous bearer paper into order paper.
C) It turns a blank endorsement into a special endorsement.
D) It turns an allonge into an endorsement.
E) It turns an endorsement into an allonge.

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