Asked by
Garry Rajput
on Dec 18, 2024
Verified
Which of the following is not an example of a restrictive endorsement?
A) The endorsement for deposit or collection only.
B) The endorsement to prohibit further endorsement.
C) The conditional endorsement.
D) The trust endorsement.
E) The endorsement specifying without recourse.
Restrictive Endorsement
A limitation placed on a check or other negotiable instrument, specifying conditions under which it can be transferred.
Conditional Endorsement
Conditional endorsement refers to a modification or restriction added to a document or contract that specifies certain terms or conditions must be met.
- Perceive the role of endorsements in determining the negotiability and transferability of instruments.
Verified Answer
JR
Learning Objectives
- Perceive the role of endorsements in determining the negotiability and transferability of instruments.
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