The statement,"Pay to Constance only," with the endorser's signature is an example of which of the following types of endorsements?
A)Trust endorsement.
B)Endorsement to prohibit further endorsement.
C)Conditional bearer endorsement.
D)Conditional endorsement.
E)Bearer endorsement.

Question

Quizplus · Accepted Answer

A)The endorsement to prohibit further endorsement is very rarely used.The
operative word in it is "only," such as in "Pay to Oliver Twist only."
B)The endorsement to prohibit further endorsement is very rarely used.The operative word in it is "only," such as in "Pay to Oliver Twist only."
C)The endorsement to prohibit further endorsement is very rarely used.The operative word in it is "only," such as in "Pay to Oliver Twist only."
D)The endorsement to prohibit further endorsement is very rarely used.The operative word in it is "only," such as in "Pay to Oliver Twist only."
E)The endorsement to prohibit further endorsement is very rarely used.The operative word in it is "only," such as in "Pay to Oliver Twist only."

The Statement,"Pay to Constance Only," with the Endorser's Signature Is