The Following Is an Example of What Type of Endorsement

question 66

Multiple Choice

The following is an example of what type of endorsement? Pay to the Order of Mike Smith, Mary Timberly.

• A) Blank endorsement.
• B) Special endorsement.
• C) Restricted endorsement.
• D) Payee endorsement.

---

Definitions:

International Transportation

The movement of goods or people across international borders, involving various modes of transport like air, sea, road, or rail.

Sight Draft

A financial document demanding immediate payment upon presentation to the drawee, commonly used in international trade to control the transfer of goods.

Buyer's Bank

The financial institution that processes payments on behalf of a buyer, especially in international trade transactions.

Agreed-on Amount

A specific sum of money that has been mutually consented to by the parties involved in a transaction or contract.