Which of the following is an example of restrictive endorsements recognized under Article 3?
A) "Pay to Bruce Zucker in Trust for Jay Zucker."
B) "Pay to Bruce Zucker Only."
C) "Pay to Jay Zucker on the condition that he completes construction on my house by November 1,2012."
D) "Pay to the order of my account."
Correct Answer:
Verified
Q32: If a check is drawn "Pay to
Q33: Which of the following is bearer paper?
A)A
Q34: Rachel's father gave her a check drawn
Q35: When a holder makes a blank indorsement
Q36: Which of the following indorsements is a
Q38: Svetlana Mills gives a check "payable to
Q39: If an order instrument is transferred without
Q40: The transfer of an instrument:
A)vests in the
Q41: Which of the following indorsements is a
Q42: A holder in due course does not
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