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Laura Is in Possession of a Check Which Contains the Following

Question 46

Multiple Choice

Laura is in possession of a check which contains the following indorsement, "Sam Smith, without recourse, for collection only." The indorsement would be classified as:


A) blank, qualified, and restrictive.
B) blank, unqualified, and unrestrictive.
C) special, unqualified, and restrictive.
D) special, qualified, and unrestrictive.

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