Which of the Following Best Describes a Restrictive Indorsement

question 7

Multiple Choice

Which of the following best describes a restrictive indorsement?

• A)It is an indorsement that has the effect of qualifying, thus limiting, the liability of the indorser.
• B)It is an indorsement that attempts to prevent the use of the instrument for anything except the stated use.
• C)It is an indorsement that designates the particular person to whom payment should be made.
• D)It is an indorsement having no words other than the name of the indorser.

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Definitions:

Mitigation Planning

A strategic approach to lessen the severity and impact of potential risks and disasters on a project or organization.

Strategic Planning

The process of defining an organization’s direction and making decisions on allocating its resources to pursue this strategy.

Functional Planning

pertains to the process of developing detailed strategies and actions for specific functional areas within an organization, such as marketing or operations.

Production Planning

The process of organizing and controlling all aspects of production, from raw material procurement to the final product, to ensure efficiency and productivity.