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 received a check that was originally made payable to the order of one of its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 received a check that was originally made payable to the order of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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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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