Checks are often indorsed to attorneys,executors of estates,real estate agents,and other fiduciaries in their representative capacity for the benefit of clients,heirs,or others.These indorsements are called ________.
A) fiduciary trusts
B) indorsements in trust
C) professional trusts
D) indorsements in fee simple
E) equitable trusts

Question

Quizplus · Accepted Answer

Indorsements in trust are the appropriate term for checks indorsed by fiduciaries in their representative capacity for the benefit of clients, heirs, or others. The other options are not accurate or appropriate terms.

Checks Are Often Indorsed to Attorneys,executors of Estates,real Estate Agents,and