Asked by
Tieawauna Jackson
on Dec 20, 2024
Verified
An indorsement in trust creates a trust for the benefit of the indorser or others.
Indorsement in Trust
A specification on a negotiable instrument where the indorsement indicates that the endorsee has trustee status, making them responsible for managing the instrument according to trust terms.
- Examine how unique forms of endorsements such as qualified and restrictive influence liability and the ability to transfer.
Verified Answer
JG
Learning Objectives
- Examine how unique forms of endorsements such as qualified and restrictive influence liability and the ability to transfer.
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