An indorsement that specifies the purpose of the indorsement or specifies the use to be made of the instrument is termed as a _____.
A) special indorsement
B) restrictive indorsement
C) blank indorsement
D) qualified indorsement
Correct Answer:
Verified
Q23: Except for the special provisions concerning depositary
Q24: A holder in due course takes a
Q27: Which of the following statements is true
Q28: Bella contracted with Marco Furnishing to complete
Q29: If an indorsement contains the signature of
Q31: A check drawn "Pay to the Order
Q33: With instruments payable at a definite time,
Q34: Which of the following statements is true
Q37: An instrument which reads "For deposit only"
Q38: When the holder of an instrument has
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