The endorsements appearing on the back of each of three negotiable instruments are reproduced below. An asterisk
Question:
The endorsements appearing on the back of each of three negotiable instruments are reproduced below. An asterisk following a name indicates an actual signature. Identify each of the endorsements by type, and explain its effect for the parties concerned:
(a) Pay to John Factor, Without Recourse The Synthetic Textile Co. Ltd. per Terry Lean,*/Manager. John Factor*
(b) Pay to James Hawkins, S. Trelawney* For deposit only, James Hawkins*
(c) Pay to Archibald Grosvenor only No Protest Reginald Bunthorne* Archibald Grosvenor* Archibald Grosvenor is hereby identified, Ralph Rackstraw*
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Lets analyze each endorsement and identify its type and effect a Endorsement Pay to John Factor Without Recourse The Synthetic Textile Co Ltd per Terr...View the full answer
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Related Book For 
The Law And Business Administration In Canada
ISBN: 9780133251678
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Authors: J.E. Smyth, Dan Soberman, Alex Easson, Shelley McGill
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