Which of the following best describes a restrictive indorsement?
A) It is an indorsement that has the effect of qualifying, thus limiting, the liability of the indorser.
B) It is an indorsement that attempts to prevent the use of the instrument for anything except the stated use.
C) It is an indorsement that designates the particular person to whom payment should be made.
D)It is an indorsement having no words other than the name of the indorser.
Question 2
All of the following are true statements about warehousers except:
A) A warehouser is a bailee.
B) A warehouser may issue a negotiable or nonnegotiable receipt.
C) A warehouser is an insurer of the goods.
D) A warehouser is liable for damaged goods if damage is caused by the warehouser's negligence.
