Assuming a note made by Barbara payable to Carol Jones, which indorsement will limit negotiability?

A) "Pay Carol Jones ."
B) "For deposit only, Acct. #602-043. Carol Jones ."
C) "Pay Connie for Carol M. Jones ."
D) "Pay Claudia as attorney for John Jones. Carol Jones ."

Limit Negotiability

Refers to conditions or restrictions that impair the ability to freely transfer or negotiate a financial instrument.

Indorsement

A signature or note on a document (such as a cheque or bill of exchange) that specifies the future control or ownership of the document.

Payee's Name

The name of the individual or entity to whom payment is to be made on a check, draft, or other financial instrument.