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To Make Credit Bank a Collecting Agent on a Check

Question 44

Multiple Choice

To make Credit Bank a collecting agent on a check "payable to the order of Duane," Duane should


A) indorse the check "for deposit only."
B) refrain from signing the check before delivering it to Credit Bank.
C) write, above his signature, "Pay to Credit Bank."
D) indorse the check "without recourse."

Correct Answer:

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