Business Law Principles and Practices
Quiz 20 :
Issue, Transfer, Indorsement, and Discharge of Negotiable Instruments
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Q48 Q48 Q48
You did some electrical work for a new neighbor who recently moved in next door. However, you are concerned about the check you received from the neighbor for your services. Frankly, you wonder if the neighbor has money to cover the amount of the check simply because you owe Marlin, a friend money and wish to pass your neighbor's check along to her. When indorsing the check, what can you do to protect yourself if Marlin has trouble collecting from your neighbor?