Multiple Choice
Ismail used a cheque to pay for a widget that he bought from Maria.Maria delivered the cheque to Geoff Gagne after writing her signature and the following words on the back of it: "To Geoff Gagne if he builds a gazebo in my backyard." After he acquired the cheque,Geoff wrote his signature and the following words on the back of it: "For deposit only." Which of the following statements is TRUE?
A) The cheque contains a qualified endorsement and a restrictive endorsement.
B) The cheque contains a qualified endorsement and a special endorsement.
C) Geoff can negotiate the cheque to Fawn by simply delivering it to her.
D) Geoff can require Ismail to add an accommodation endorsement to the cheque.
E) The cheque contains a conditional endorsement and a restrictive endorsement.
Correct Answer:

Verified
Correct Answer:
Verified
Q16: Which of the following are most likely
Q27: What is the difference between a demand
Q54: Karinda sold a widget to Konrad.He paid
Q57: Patrick bought a widget from Ishani.The purchase
Q58: Alice bought a boat from Brian.The purchase
Q60: Which of the following statements is TRUE
Q61: On February 1,Patricia bought a guitar from
Q62: Jacob bought a widget from Erin for
Q63: After buying a yacht for $1.2 million
Q64: Briefly compare and contrast a postdated cheque