Chapter 4.I, Problem 3RE

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8th Edition

Robert Brechner + 1 other

ISBN: 9781305585447

Textbook Problem

You have just received a check. Your account number is #099-506-8. Write the following endorsements in the space provided below and identify what type they are.

Allowing you to deposit the check in your account.

To determine

The type of endorsement for allowing you to deposit the check in your account, and write them accordingly as you have just received a check with your account number

Explanation

**Given Information:**

The bank account is

An endorsement is a kind of instructions with signature to the bank written on the back of a check.

An endorsement used the payee to cash a check is known as blank endorsement. An endorsement used when the payee wants to deposit a check in his or her account is known as restrictive endorsement. An endorsement if the payee wants to transfer a check to another party is known as full endorsement.

For the account number

Sect-4.I P-1TIESect-4.I P-2TIESect-4.I P-3TIESect-4.I P-4TIESect-4.I P-1RESect-4.I P-2RESect-4.I P-3RESect-4.I P-4RESect-4.I P-5RESect-4.I P-6RE

Sect-4.I P-7RESect-4.I P-8RESect-4.I P-9RESect-4.I P-10RESect-4.II P-5TIESect-4.II P-1RESect-4.II P-2RESect-4.II P-3RECh-4 P-1CRCh-4 P-2CRCh-4 P-3CRCh-4 P-4CRCh-4 P-5CRCh-4 P-6CRCh-4 P-7CRCh-4 P-8CRCh-4 P-9CRCh-4 P-10CRCh-4 P-11CRCh-4 P-12CRCh-4 P-13CRCh-4 P-14CRCh-4 P-1ATCh-4 P-2ATCh-4 P-3ATCh-4 P-4ATCh-4 P-5ATCh-4 P-6ATCh-4 P-7AT

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