A restrictive endorsement on a check:
A) can be further endorsed by someone else.
B) is the safest endorsement for businesses.
C) permits the bank to use its best judgment.
D) must be endorsed by the company treasurer.

Question

Quizplus · Accepted Answer

A restrictive endorsement on a check adds extra security by limiting how a check can be handled or deposited, making it the safest endorsement for businesses. It typically includes phrases like "For deposit only" followed by the payee's account number, ensuring the check can only be deposited into a specified account.

A Restrictive Endorsement on a Check