Asked by
Yanira Piedra
on Dec 18, 2024Verified
Which of the following types of endorsements attempt to either limit the transferability of the instrument or control the manner of payment under the instrument?
A) Blank qualified.
B) Special qualified.
C) Restrictive.
D) Conditional.
E) Trust.
Transferability
The ability of a financial instrument, asset, or property right to be transferred from one party to another.
Instrument
A legal document formally recording a right, liability, or transaction.
Payment
The act of providing money or other compensation to fulfill a transaction or obligation.
- Gain insights into different categories of endorsements and their consequences for negotiable instruments.
Verified Answer
AA
Learning Objectives
- Gain insights into different categories of endorsements and their consequences for negotiable instruments.