Laura Is in Possession of a Check Which Contains the Following

question 46

Multiple Choice

Laura is in possession of a check which contains the following indorsement, "Sam Smith, without recourse, for collection only." The indorsement would be classified as:

• A)blank, qualified, and restrictive.
• B)blank, unqualified, and unrestrictive.
• C)special, unqualified, and restrictive.
• D)special, qualified, and unrestrictive.

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Definitions:

Initial Capital Letters

Initial capital letters are the use of uppercase letters at the beginning of sentences or for proper nouns, helping to denote the start of sentences or significance of particular words.

11-Point

A measure indicating the size of text font, with 11-point representing a specific height in typographical units.

Right Arrow

A symbol or key indicating direction or the action to move right.

Left Arrow

The left arrow is a graphical symbol or key on a keyboard or device used to navigate, move, or direct attention towards the left.