A __________ is one that seeks to limit the negotiability of an instrument or impose a condition on the payee.
A) non-restrictive indorsement
B) horizontal indorsement
C) lateral indorsement
D) restrictive indorsement

Question

Quizplus · Accepted Answer

A restrictive indorsement is used to limit the negotiability of an instrument or impose a condition on the payee, such as requiring that the instrument be deposited into a specific account.

A __________ Is One That Seeks to Limit the Negotiability