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.
Correct Answer:

Verified
Correct Answer:
Verified
Q3: A person is never entitled to enforce
Q7: Which of the following is required regarding
Q9: A bank "gives value" when it allows
Q10: Tony is fraudulently induced to issue a
Q42: Cynthia Todd is the holder of a
Q52: All of the following are "real defenses"
Q61: A person who knows that an instrument
Q62: It is necessary that one own the
Q71: A transfer of order paper:<br>A) gives the
Q76: Buying a negotiable instrument at a discounted