Lillian Fey purchases a night table from Aretha Boyner.Aretha wants Lillian to pay her by check before delivering the night table to Lillian's house.Lillian decides to attach an indorsement that reads,"Pay to Aretha Boyner if she delivers her night table to me,Lillian Fey,at 16 Holmes RD." This is an example of a(n) :
A) indorsement for deposit.
B) conditional indorsement.
C) qualified indorsement.
D) significant indorsement.
Correct Answer:
Verified
Q29: A _ check is a check drawn
Q30: A check that a drawee bank guarantees
Q31: To accept a draft,the drawee:
A)need only sign
Q32: Industries Inc.drew a check payable to "Gloria
Q33: Writing the words,"pay to the order of"
Q35: If a bank pays a forged check,it
Q36: An instrument containing an acknowledgment that a
Q37: Brianna repaid a $600 loan to her
Q38: A check indorsed "for deposit only":
A)prevents further
Q39: If an instrument states,"Pay to the order
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