Where a cheque is made payable to Lucien Colbert, and on its reverse are written the words "For deposit only to the credit of L. Colbert,"
A) the endorsement is a restrictive endorsement.
B) the endorsement is a special endorsement.
C) the endorsement is a failure.
D) the bill can only be cashed.
E) None of the responses are correct.
Correct Answer:
Verified
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