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Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

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BuyFindarrow_forward

Contemporary Mathematics for Busin...

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 cash the check.

Chapter 4.I, Problem 4RE, You have just received a check. Your account number is #099-506-8. Write the following endorsements

To determine

The type of endorsement for allowing you to cash the check, and write them accordingly as you have just received a check with your account number #0995068.

Explanation

Given Information:

The bank account is 0995068.

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

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