Where a Cheque Is Made Payable to Lucien Colbert, and on Its

question 27

Multiple Choice

Where a cheque is made payable to Lucien Colbert, and on its reverse are written the words "For deposit only to the credit of L. Colbert,"

• A) the endorsement is a restrictive endorsement.
• B) the endorsement is a special endorsement.
• C) the endorsement is a failure.
• D) the bill can only be cashed.
• E) None of the responses are correct.

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Definitions:

Frustration

A negative emotional state resulting from a blocked goal or desire, often leading to negative outcomes like aggression or giving up.

Tokenism

The practice of publicly making small concessions to a minority group in order to deflect accusations of prejudice and discrimination.

Token of Good Faith

An action or item provided to show sincerity and intention to engage in a deal or relationship honestly.

Scapegoat

Individual or group that becomes the target for anger and frustration caused by a different individual or group or some other set of circumstances.