Which of the Following Written Endorsements Would Be an Example

question 14

Multiple Choice

Which of the following written endorsements would be an example of an endorsement prohibiting further endorsement?

• A) "Pay to Elaine, without recourse, [signed] John"
• B) "For collection only, [signed] John"
• C) "Pay to Elaine only, [signed] John"
• D) "Pay to Elaine, agent for John [signed] John"

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Definitions:

Restrain Competition

Actions or agreements that limit free trade and competition in a market.

Monopoly Power

The exclusive control by one company over an entire industry or sector, allowing it to set prices and limit competition.

Antitrust Purposes

Intended to promote or maintain market competition by regulating anti-competitive conduct.

Local Government Antitrust Act

Legislation that provides immunity from antitrust laws for certain activities conducted by local governments or within their official capacities.