Emily writes and signs a check payable to "Five Star Cinema." George, Five Star'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

Emily writes and signs a check payable to "Five Star Cinema." George, Five Star'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.

Quizplus · Accepted Answer

George's indorsement "For deposit only" is a type of restrictive indorsement, which limits the use of the check to only be deposited into the account of Five Star Cinema.

Emily Writes and Signs a Check Payable to "Five Star