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)None of these answers are correct.

Question

Quizplus · Accepted Answer

A restrictive endorsement limits the use of the check to the specific person or business named on the endorsement. This is the safest option for businesses as it ensures that the funds can only be deposited into their account and cannot be further endorsed or transferred to another party.

A Restrictive Endorsement on a Check