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Assuming a Note Made by Barbara Payable to Carol Jones

Question 9

Multiple Choice

Assuming a note made by Barbara payable to Carol Jones, which indorsement will limit negotiability?


A) "Pay Carol Jones ."
B) "For deposit only, Acct. #602-043. Carol Jones ."
C) "Pay Connie for Carol M. Jones ."
D) "Pay Claudia as attorney for John Jones. Carol Jones ."

Correct Answer:

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