Which of the Following Is an Example of Restrictive Endorsements

question 21

Multiple Choice

Which of the following is an example of restrictive endorsements recognized under Article 3?

• A) "Pay to Bruce Zucker in Trust for Jay Zucker."
• B) "Pay to Bruce Zucker Only."
• C) "Pay to Jay Zucker on the condition that he completes construction of my house by November 1, 2012."
• D) "Pay to the order of my account."

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Definitions:

Financial Disincentives

Economic or monetary penalties designed to discourage undesirable actions or behaviors by making them more costly.

Local Ordinance

Laws or regulations enacted by a local governing body to address issues within its jurisdiction.

Public Conscience

The collective moral sense of a community or society that guides behavior and influences policy.

Charitable Giving

The act of donating money, goods, services, and time to support non-profit organizations and causes, often motivated by altruism and social responsibility.