Emily writes and signs a check payable to "Festival Cinema." Georg, Festival's manager, indorses the check "For deposit only." This is
A) a blank indorsement.
B) a qualified indorsement.
C) a restrictive indorsement.
D) a special indorsement.

Question

Quizplus · Accepted Answer

The indorsement "For deposit only" is a restrictive indorsement because it limits the use of the check to only be deposited into a specific account, in this case Festival Cinema's account.

Emily Writes and Signs a Check Payable to "Festival Cinema