An Endorsement That Is Followed by a Statement That Restricts

question 49

Multiple Choice

An endorsement that is followed by a statement that restricts payment,and can be used as a defense for the endorser against the endorsee,is which of the following?

• A)Special unqualified endorsement.
• B)Special qualified endorsement.
• C)Trust endorsement.
• D)Endorsement that prohibits further endorsement.
• E)Conditional endorsement.

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Definitions:

Trial Proceedings

The formal process in a court of law involving the examination of evidence to determine guilt, establish innocence, or resolve a dispute.

Appellee

The party in a legal case who won at the lower court level and is defending that decision in a higher court against an appeal.

Appellant

The party who appeals a decision made by a lower court, seeking review and reversal of that decision by a higher court.

Writ Of Execution

A court order authorizing the enforcement of a judgment, often by seizing and selling the debtor's property.