Question
USING THE THREE FAMILIES OF ENDORSEMENTS, IDENTIFY ALL ENDORSEMENTS AND STATE THE LEGAL EFFECT OF EACH. Sam received his paycheck ( Pay to the Order
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
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2.Pay to St. John's the Baptist Church for benefit of Veterans. Sam
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3.Pay to Jack and Jill ONLY.Sam
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4.Pay to William and Mary . Without Recourse. Sam
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5.Pay to Cortland or Nasssau College. Without Recourse. Sam
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6.Sam.
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7.Pay to Merrill Lynch for Dad. Without Recourse. Sam
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8.For Deposit Only.Sam
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9.Pay to Goldman Sachs for benefit of Marie. Sam
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10.Pay to Henry or Bearer. Without Recourse. Sam
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