For Which of the Following Types of Endorsements Is There

question 12

Multiple Choice

For which of the following types of endorsements is there a difference in endorsee status between the ULB and common law?

• A) conditional endorsement
• B) collection endorsement
• C) agency endorsement
• D) endorsement prohibiting further endorsement

---

Definitions:

Writing Requirement

The writing requirement refers to legal stipulations that certain types of contracts or agreements must be in written form to be legally enforceable.

Legal Proceeding

A process by which a legal matter is resolved in a court of law.

Oral Contract

An agreement between parties that is made verbally instead of being documented in writing.

Admission

A statement made in court, under oath, or at some stage during a legal proceeding in which a party against whom charges have been brought admits that an oral contract existed, even though the contract was required to be in writing.