What types of indorsements are the following? (a) Pay to Monsein without recourse. (b) Pay to Allinore
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(a) ‘‘Pay to Monsein without recourse.’’
(b) ‘‘Pay to Allinore for collection.’’
(c) ‘‘I hereby assign all my rights, title, and interest in this note to Fullilove in full.’’
(d) ‘‘Pay to the Southern Trust Company.’’
(e) ‘‘Pay to the order of the Farmers Bank of Nicholasville for deposit only.’’
Indicate whether the indorsement is (1) Blank or special, (2) Restrictive or nonrestrictive, and (3) Qualified or unqualified.
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Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
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