Instrument indorsed in blank: becomes payable to the bearer despite original order, subject to crossed cheque exception. A negotiable instrument indorsed in blank becomes payable to the bearer even if originally payable to order; this conversion by blank endorsement operates ... Summary
Instrument indorsed in blank: becomes payable to the bearer despite original order, subject to crossed cheque exception.
A negotiable instrument indorsed in blank becomes payable to the bearer even if originally payable to order; this conversion by blank endorsement operates subject to the separate statutory treatment of crossed cheques which may limit payment or transfer.
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