Solved

A Conditional Indorsement Is One by Which the Indorser Makes

Question 17

True/False

A conditional indorsement is one by which the indorser makes the rights of the indorsee subject to the happening or nonhappening of a specified event, but such an indorsement is ineffective under Revised Article 3.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q8: A(n) _ is the voluntary transfer to

Q13: Laura is in possession of a check

Q14: An indorsement which prohibits further transfer is

Q14: Maxine indorsed her paycheck by signing her

Q20: "Pay to the order of Jose Dejesus"

Q35: A restrictive indorsement:<br>A) disclaims contract liability.<br>B) removes

Q55: An indorsement may be simple or complex.

Q56: An indorsement must be written on the

Q63: The shelter rule did not exist at

Q68: The requirements for negotiation are the same