Asked by

Manveer Chatha
on Nov 27, 2024

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Coki receives a payroll check from Data Solutions Inc. and indorses it by signing her name on the back of the check. This is

A) a blank indorsement.
B) a qualified indorsement.
C) a restrictive indorsement.
D) a special indorsement.

Blank Indorsement

A signature by the holder on the back of a negotiable instrument, such as a check, without specifying a particular endorsee, thereby making the instrument payable to the bearer.

Qualified Indorsement

An indorsement on a negotiable instrument in which the indorser disclaims any contract liability on the instrument; the notation “without recourse” is commonly used to create a qualified indorsement.

Restrictive

Imposing limitations or conditions on use, action, or movement.

  • Identify the differences among multiple kinds of indorsements and how they influence the negotiability of documents.
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Theodora VukovicNov 28, 2024
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