A Depository Bank Receiving a Check with a Restrictive Indorsement

question 3

True/False

A depository bank receiving a check with a restrictive indorsement, such as "for deposit " must always honor the restriction.

---

Definitions:

Accountability

The obligation of individuals or organizations to account for their activities, accept responsibility for them, and disclose the results in a transparent manner.

Geographic Region

A specific area or division on the Earth's surface characterized by unique physical, political, or cultural traits.