USING THE THREE FAMILIES OF ENDORSEMENTS, IDENTIFY ALL ENDORSEMENTS AND

STATE THE LEGAL EFFECT OF EACH.

Sam received his paycheck ( "Pay to the Order of Sam $500")turned it over and wrote:

1.Pay to TD Bank . For Collection Only.Sam

____________________________________________________________________________

____________________________________________________________________________

_____________________________________________________________________________

_____________________________________________________________________________

_____________________________________________________________________________

2.Pay to St. John's the Baptist Church for benefit of Veterans. Sam

_____________________________________________________________________________

_____________________________________________________________________________

_____________________________________________________________________________

_____________________________________________________________________________

_____________________________________________________________________________

3.Pay to Jack and Jill ONLY.Sam

_____________________________________________________________________________

____________________________________________________________________________

_____________________________________________________________________________

______________________________________________________________________________

4.Pay to William and Mary . Without Recourse. Sam

_____________________________________________________________________________

_____________________________________________________________________________

_____________________________________________________________________________

_____________________________________________________________________________

_____________________________________________________________________________

5.Pay to Cortland or Nasssau College. Without Recourse. Sam

____________________________________________________________________________

____________________________________________________________________________

_____________________________________________________________________________

_____________________________________________________________________________

6.Sam.

____________________________________________________________________________

____________________________________________________________________________

____________________________________________________________________________

_____________________________________________________________________________

_____________________________________________________________________________

7.Pay to Merrill Lynch for Dad. Without Recourse. Sam

_________________________________________________________________________

__________________________________________________________________________

__________________________________________________________________________

__________________________________________________________________________

__________________________________________________________________________

8.For Deposit Only.Sam

___________________________________________________________________________

___________________________________________________________________________

___________________________________________________________________________

___________________________________________________________________________

9.Pay to Goldman Sachs for benefit of Marie. Sam

___________________________________________________________________________

___________________________________________________________________________

___________________________________________________________________________

___________________________________________________________________________

10.Pay to Henry or Bearer. Without Recourse. Sam

___________________________________________________________________________

___________________________________________________________________________

___________________________________________________________________________

___________________________________________________________________________