Multiple Choice
An indorsement that specifies the purpose of the indorsement or specifies the use to be made of the instrument is termed as a _____.
A) special indorsement
B) restrictive indorsement
C) blank indorsement
D) qualified indorsement
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: List the claims and defenses available to
Q2: The claims and defenses to payment of
Q3: An indorsement cannot incur the indorser's liability
Q5: Under the Revised Article 3 of the
Q11: Ming indorsed a check from his employer
Q17: With instruments payable at a definite time,
Q26: Which of the following can be negotiated
Q41: A person is a(n) _ if she
Q44: Which of the following statements is true
Q45: A check drawn "Pay to the Order