Indorsements with ineffective restrictions include which of the following?
A) The indorser makes the rights of the indorsee subject to the happening or nonhappening of a specified event.
B) An indorsement "For Collection."
C) An indorsement stating "Pay to Melanie for Sharon."
D) All of these.
Correct Answer:
Verified
Q53: Federal Reserve Board guidelines for checks:
A) require
Q54: An anomalous indorsement is:
A) one that specifically
Q55: Which of the following is not a
Q56: A restrictive indorsement:
A) disclaims contract liability.
B) removes
Q57: Delivery alone is insufficient to negotiate an
Q59: Real defenses include all but:
A) forgery of
Q60: If the instrument is order paper, how
Q61: Laura is in possession of a check
Q62: What is negotiation? How does one become
Q63: Michael issues a check to Paula. She
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