Ismail used a cheque to pay for a widget that he bought from Maria. Maria delivered the cheque to Geoff Gagne after writing her signature and the following words on the back of it: "to Geoff Gagne if he builds a gazebo in my backyard." After he acquired the cheque, Geoff wrote his signature and the following words on the back of it: "for deposit only." Which of the following statements is TRUE?
A) Geoff can negotiate the cheque to Fawn by simply delivering it to her.
B) The cheque contains a qualified endorsement and a special endorsement.
C) The cheque contains a qualified endorsement and a restrictive endorsement.
D) The cheque contains a conditional endorsement and a restrictive endorsement.
E) Geoff can require Ismail to add an accommodation endorsement to the cheque.
Correct Answer:
Verified
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