An Endorsement That Is Followed by a Statement That Restricts

question 15

Multiple Choice

An endorsement that is followed by a statement that restricts payment, and can be used as a defense for the endorser against the endorsee, is which of the following?

• A) Endorsement that prohibits further endorsement.
• B) Trust endorsement.
• C) Special qualified endorsement.
• D) Conditional endorsement.
• E) Special unqualified endorsement.