Restrictive Indorsements, history assignment help

Anonymous
timer Asked: Oct 12th, 2016
account_balance_wallet $5

Question Description

Explain the significance of Restrictive Indorsements.

minimum length 250 words

any format you are familiar with

Tutor Answer

Expert Writer
School: UT Austin

Attached.

A restrictive endorsement is a control technique used to restrict further action in regard to
a financial instrument (usually a check). The result of a restrictive endorsement is that a financial
instrument is no longer a negotiable instrument that can be passed from the stated payee to a
third party. An example of a restrictiv...

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