West Corp. received a check that was originally made payable to the order of one of its
Question:
West Corp. received a check that was originally made payable to the order of
one of its customers, Ted Burns. The following indorsement was written on the
back of the check:
Ted Burns, without recourse, for collection only
Which of the following describes the indorsement?
Special Restrictive
a. Yes Yes
b. No No
c. No Yes
d. Yes No
Chapter 29 Transfers of Negotiable Instruments and Warranties of Parties 663
AppendixLO1
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Related Book For
Anderson's Business Law And The Legal Environment
ISBN: 9780324638189
20th Edition
Authors: David P Twomey, Marianne M Jennings, Ivan Fox
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