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) special, qualified, and unrestrictive.
B) special, unqualified, and restrictive.
C) blank, unqualified, and unrestrictive.
D) blank, qualified, and restrictive.
Correct Answer:
Verified
Correct Answer:
Verified
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