An endorsement that is followed by a statement that restricts payment, and can be used as a defense for the endorser against the endorsee, is which of the following?
A) Endorsement that prohibits further endorsement.
B) Trust endorsement.
C) Special qualified endorsement.
D) Conditional endorsement.
E) Special unqualified endorsement.

Question

Quizplus · Accepted Answer

A conditional endorsement is one that includes a condition for the payment to the endorsee, which can be used as a defense by the endorser if the condition is not met.

An Endorsement That Is Followed by a Statement That Restricts