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Laura is in possession of a check which contains the following indorsement, Sam Smith, without recourse, for collection only. The indorsement would be classified as:

Laura is in possession of a check which contains the following indorsement, "Sam Smith, without recourse, for collection only." The indorsement would be classified as:

a. blank, qualified, and restrictive.

b. blank, unqualified, and unrestrictive.

c. special, unqualified, and restrictive.

d. special, qualified, and unrestrictive.

The correct answer is A.

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