Asked by Jaliyah Henderson on Jul 20, 2024
Verified
An endorsement that is followed by a statement that restricts payment, and can be used as a defense for the endorser against the endorsee, is which of the following?
A) Endorsement that prohibits further endorsement.
B) Trust endorsement.
C) Special qualified endorsement.
D) Conditional endorsement.
E) Special unqualified endorsement.
Conditional Endorsement
An endorsement on a document or instrument subject to specific conditions or restrictions.
Payment
The act of satisfying a debt or obligation, usually by transferring funds to settle the amount owed.
Defense
The argument and evidence presented by a defendant in response to charges or claims in a legal proceeding.
- Detect and clarify the various endorsements and their legal effects.
Verified Answer
MM
Madalyn MettsJul 21, 2024
Final Answer :
D
Explanation :
A conditional endorsement is one that includes a condition for the payment to the endorsee, which can be used as a defense by the endorser if the condition is not met.
Learning Objectives
- Detect and clarify the various endorsements and their legal effects.
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