Laurel Speckle received a check from State University.She indorsed the check as follows: "For Deposit only,/s/ Laurel Speckle." Laurel's indorsement is a:
A) blank indorsement.
B) special indorsement.
C) restrictive indorsement.
D) None of the above is correct.

Question

Quizplus · Accepted Answer

A restrictive indorsement limits what can be done with the check, such as "For Deposit only," which specifies that the check can only be deposited into an account.

Laurel Speckle Received a Check from State University