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Bob Signs His Name on the Back of a Cheque

Question 1

Multiple Choice

Bob signs his name on the back of a cheque he is receiving,indicating a special endorsement to Charles.However,assuming Charles and Bob have never met and do not know one another,Charles is reluctant to purchase that cheque from Bob.If a third party became involved to help bring assurance to the transaction,which of the following statements would most likely be written by the third party?


A) For deposit only
B) Guarantor for Bob
C) Pay to Bob
D) Bob hereby identified
E) Pay to Bob without recourse

Correct Answer:

verifed

Verified

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