Asked by Amanda Herrera on Jul 05, 2024
Verified
Emil writes and signs a check payable to "Film Arts Cinema." George, Film Arts' 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.
Deposit Only
A banking feature allowing for the deposit of funds into an account but not permitting withdrawals without specific authorization.
Indorsement
Indorsement refers to the act of signing one's name on the back of a negotiable instrument, such as a check, thereby transferring rights or title to another party.
Film Arts
The field concerned with the creation, analysis, and critique of films as a form of artistic expression.
- Differentiate among various forms of endorsements and their impact on the transferability of financial instruments.
Verified Answer
Learning Objectives
- Differentiate among various forms of endorsements and their impact on the transferability of financial instruments.
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