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26 November, 16:39

Gina writes and signs a check payable to "Happy Market." Irma, Happy's manager, indorses the check "For deposit only." This is

a. a blank indorsement.

b. a qualified indorsement.

c. a restrictive indorsement.

d. a special indorsement.

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Answers (1)
  1. 26 November, 16:50
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    c. a restrictive indorsement.

    Explanation:

    -Blank endorsement refers to an instrument that allows any holder to request the payment.

    -Qualified endorsement refers to a signature in an instrument that transfers the amount to other person.

    -Restrictive endorsement puts a limit on an instrument like the sentence "For deposit only."

    -Special endorsement enables to make a check payable to someone else.

    According to this, the answer is that this is a restrictive endorsement.
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