Ask Question
10 June, 10:47

Todd indorses a check, "Pay to Interstate Trucking if they deliver the lumber by May 1, 2010." This is a. a blank indorsement. b. a qualified indorsement. c. a restrictive indorsement. d. a special indorsement.

+3
Answers (1)
  1. 10 June, 14:46
    0
    It is a Restrictive Indorsement

    Explanation:

    Restrictive Indorsement is when an instruction is given on a cheque that restricts its use.

    In the case given above, Interstate Trucking is only to be paid if they deliver the lumber by May 1, 2010.

    Use of the cheque outside this scenario is not possible.

    A common example of this is 'For deposit only'. The customer will not be able to withdraw cash, but must deposit the cheque.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Todd indorses a check, "Pay to Interstate Trucking if they deliver the lumber by May 1, 2010." This is a. a blank indorsement. b. a ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers