When an Instrument Is Being Transferred to an Agent or Trustee

question 30

Multiple Choice

When an instrument is being transferred to an agent or trustee for the benefit of either the endorser or a third party,which kind of endorsement is used?

• A)Trust endorsement.
• B)Endorsement to prohibit further endorsement.
• C)Conditional endorsement.
• D)Bearer endorsement.
• E)Conditional bearer endorsement.

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