Which of the Following Is Not an Example of a Restrictive

question 8

Multiple Choice

Which of the following is not an example of a restrictive endorsement?

• A)The endorsement for deposit or collection only.
• B)The conditional endorsement.
• C)The endorsement to prohibit further endorsement.
• D)The trust endorsement.
• E)The endorsement specifying without recourse.

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Definitions:

Pine

A type of evergreen tree with needle-like leaves, known for its wood and resin.

Uniform Commercial Code

A comprehensive set of laws governing all commercial transactions in the United States, intended to harmonize the law in sales and other commercial transactions across states.

Assignment

The conveyance of entitlements, properties, or liabilities from one party to a different one.

Delegation

The act of assigning responsibility or authority from one person to another.