Which of the following are types of restrictive indorsements?

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Quizplus · Accepted Answer

All of the options listed are types of restrictive indorsements. A conditional indorsement restricts the transfer of the check until certain conditions are met. An indorsement prohibiting further transfer restricts the recipient from further transferring the check. An indorsement in trust indicates that the recipient is holding the funds for the benefit of someone else and may be restricted in how they can use or transfer the funds.

Which of the Following Are Types of Restrictive Indorsements