If an Instrument Bears a Restrictive Endorsement, Any Further Transfer

question 31

True/False

If an instrument bears a restrictive endorsement, any further transfer or negotiation is effectively barred.

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Definitions:

Clean Hands

A legal principle that one cannot seek judicial relief or assert a legal right if they have acted unethically or in bad faith in relation to the subject of their claim.

Plaintiff

The party who brings a case against another in a court of law, alleging harm or injustice.

Specific Performance

A legal remedy in contracts law where the court orders the party who breached the contract to perform their contractual obligations rather than paying damages.

Rare Book

A book considered valuable due to its scarcity, age, historical significance, first edition status, or connection to a notable event or person.