Assuming a note made by Barbara payable to Carol, which indorsement will limit negotiability?
A)"Pay Al.Carol"
B)"For deposit only, Acct.#602-043.Carol"
C)"Pay Connie for Al.Carol"
D)"Pay Claudia as attorney for John Jones.Carol"

Question

Quizplus · Accepted Answer

"For deposit only" is a restrictive indorsement, which limits the negotiability of the note by directing that it be deposited into a specific account.

Assuming a Note Made by Barbara Payable to Carol, Which