What Type of Endorsement Did Susan Make on the Back

question 67

Multiple Choice

What type of endorsement did Susan make on the back of the check?

• A) A special endorsement.
• B) A special qualified endorsement.
• C) A blank endorsement.
• D) A blank qualified endorsement.
• E) An ineffective endorsement because the words "without recourse" have no effect.

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Definitions:

Investments

Assets purchased with the expectation that they will generate income or appreciate in the future.

Owner's Equity

Refers to the residual interest in the assets of a company after deducting liabilities, representing the ownership interest.

Property Plant and Equipment

Durable physical assets that are utilized in running a business and are not meant to be sold.

Intangible Assets

Non-physical assets that have value due to the rights or information they provide, such as trademarks, patents, and goodwill.