Henrietta is a holder of a check originally payable to the order of Betty. These indorsements appear...

Henrietta is a holder of a check originally payable to the order of Betty. These indorsements appear on the back:

/s/Betty

Pay to the order of House

/s/Daugherty

/s/House

/s/Humble

Is the instrument currently order or bearer paper (in Henrietta’s hands)? Fully explain (i.e., with each indorsement in succession, is it blank or special indorsement AND is the paper made order paper or bearer paper).

Expert Solution

That is instrument is bearer paper . because it mentioned like payables to order of Betty but it is the hands of Henrietta . then it become bearers instrument.

It is blank endorsement because the original payable person is not make endorsement. So without original payable person signed for endorsement , then it become blank endorsement in any hand's.

ekkarill92 answered 2 years ago

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