Indorsing an instrument,"Pay to Sara Garcia," limits payment to Sara Garcia and further negotiation becomes void.
Correct Answer:
Verified
Q3: A holder in due course takes the
Q4: The transfer of possession (whether voluntary or
Q5: Claims and defenses to payment of an
Q6: In case of an indorsement for collection,any
Q7: If a person receives a check that
Q9: A bearer instrument can be validly negotiated
Q10: The FTC rule doesn't apply to persons
Q11: The involuntary transfer of possession of a
Q12: By indorsing an instrument,a person incurs an
Q12: The use of a qualified indorsement eliminates
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