An endorsement that places a condition on payment is referred to as which of the following types of endorsements?
A) Conditional endorsement.
B) Trust endorsement.
C) Endorsement to prohibit further endorsement.
D) Bearer endorsement.
E) Conditional bearer endorsement.

Question

Quizplus · Accepted Answer

A conditional endorsement lets the endorser put a condition on payment (one that would destroy negotiability if it were on the face of the instrument but does not affect it here) [UCC 3-204(a)].

An Endorsement That Places a Condition on Payment Is Referred