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Jilda Rukhaia
on Nov 15, 2024

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A restrictive endorsement on a check:

A) can be further endorsed by someone else.
B) is the safest endorsement for businesses.
C) permits the bank to use its best judgment.
D) must be endorsed by the company treasurer.

Restrictive Endorsement

An endorsement on a check or other financial instrument limiting the way the funds can be used or restricting further endorsement.

Endorsed

Endorsed refers to the approval or support, often given formally or officially to signify agreement with or sanction of something.

  • Differentiate between various types of endorsements and their implications for check negotiation.
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AC
Aaron CampiseNov 17, 2024
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