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Author Question: For what purpose would a payee use an endorsement as shown in the following example: For deposit ... (Read 110 times)

evelyn o bentley

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on: Jun 24, 2018
For what purpose would a payee use an endorsement as shown in the following example: For deposit only P. J. Berry's 6639-88-83-9
 A) when depositing a check into his or her account
  B) when paying a check
  C) when transferring the check to another party
  D) when cashing a check

Question 2

What type of endorsement is illustrated by the following example: Pay to the order of Jim Medley Tom Spooker 3345-26-37-3
 A) business endorsement
  B) blank endorsement
  C) full endorsement
  D) restrictive endorsement


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6ana001

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Reply #1 on: Jun 24, 2018
Answer to Question 1

A

Answer to Question 2

C


evelyn o bentley

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Reply #2 on: Jun 24, 2018
Correct answers!


6ana001

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Reply #3 on: Jun 24, 2018
Great! Please up vote :D


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