Assignment Score: 13.46% Save Submit Assignment for Grading WS_26b-03 Question 3 of 13 Check My Work (No more tries available) Celia writes a check payable to Michelle. Michelle indorses the check "Pay to Barbara, provided that she completes the remainder of her book manuscript." Michelle has created a conditional Indorsement Drag and Drop the appropriate terms into the spaces provided. Indorsements to pay only a named payee do not destroy the negotiability of the paper to the holder so long as the holder gives future value A person taking an instrument for value can disregard the indorsement conditioning the right to receive payment. In other words, conditional instruments do not prevent further negotiation. The indorsements "for deposit only" and "for collection only have the effect of locking the instrument into the bank collection process. Fill in the blanks with words that would best complete the passage. value follow for an indefinite period vault Hide Feedback Partially Correct