An indorsement that contains some sort of instruction from the indorser is known as a(n)________.
A)nonrestrictive indorsement
B)restrictive indorsement
C)qualified indorsement
D)special indorsement

Question

Quizplus · Accepted Answer

A restrictive indorsement contains some sort of instruction from the indorser, such as "for deposit only," limiting the use of the check. Nonrestrictive (A) and special (D) indorsements do not contain instructions, and a qualified indorsement (C) is one that limits the indorser's liability.

An Indorsement That Contains Some Sort of Instruction from the Indorser