An endorsement that restricts the instrument such that it must be collected by a bank for the endorser or for a particular account and cannot be cashed is which of the following?
A)Endorsement for deposit or collection only.
B)Special qualified endorsement.
C)Conditional endorsement.
D)Endorsement that prohibits further endorsement.
E)Trust endorsement.

Question

Quizplus · Accepted Answer

A)A type of restrictive endorsement is the endorsement for deposit or collection
only: An endorsement that restricts the instrument such that it must be collected by a bank for the endorser or for a particular account.
B)A type of restrictive endorsement is the endorsement for deposit or collection only: An endorsement that restricts the instrument such that it must be collected by a bank for the endorser or for a particular account.
C)A type of restrictive endorsement is the endorsement for deposit or collection only: An endorsement that restricts the instrument such that it must be collected by a bank for the endorser or for a particular account.
D)A type of restrictive endorsement is the endorsement for deposit or collection only: An endorsement that restricts the instrument such that it must be collected by a bank for the endorser or for a particular account.
E)A type of restrictive endorsement is the endorsement for deposit or collection only: An endorsement that restricts the instrument such that it must be collected by a bank for the endorser or for a particular account.

An Endorsement That Restricts the Instrument Such That It Must