Ismail used a cheque to pay for a widget that he bought from Maria.Maria delivered the cheque to Geoff Gagne after writing her signature and the following words on the back of it: "To Geoff Gagne if he builds a gazebo in my backyard." After he acquired the cheque,Geoff wrote his signature and the following words on the back of it: "For deposit only." Which of the following statements is TRUE?
A) The cheque contains a qualified endorsement and a restrictive endorsement.
B) The cheque contains a qualified endorsement and a special endorsement.
C) Geoff can negotiate the cheque to Fawn by simply delivering it to her.
D) Geoff can require Ismail to add an accommodation endorsement to the cheque.
E) The cheque contains a conditional endorsement and a restrictive endorsement.
Correct Answer:
Verified
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