Which type of indorsement indicates that the proceeds from an instrument must be deposited into a bank account?
A) blank
B) institutional
C) restrictive
D) qualified
E) controlling

Name: Which type of indorsement indicates that the proceeds from an instrument must be deposited into a bank account? A) blank B) institutional C) restrictive D) qualified E) controlling
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Question

Quizplus · Accepted Answer

A restrictive endorsement limits the use of an instrument to a specified purpose, such as depositing it into a specific bank account.

Which Type of Indorsement Indicates That the Proceeds from an Instrument