An indorsement stating "Pay Paula Hobson only":

A) is designed to restrict the rights of the indorser.
B) is given the same effect as an unrestrictive indorsement.
C) will, under the Code, be effective to prohibit further transfer beyond Paula Hobson.
D) is labeled a "qualified indorsement," and it destroys negotiability.


B

Business

You might also like to view...

What are the four major steps in the integrative negotiation process?

What will be an ideal response?

Business

Which of the following factors is most suitable for determining when transfer of records should take place?

A. The value of the record B. The age of the record C. The frequency of the use of the record D. The size of the record

Business

The textbook provides a history of returns from 1950 through 1999 for four classifications of securities in the United States. Rank the average returns from the highest to lowest over this time period

A) Large-company stocks, small-company stocks, 3-month U.S. Treasury bills, long-term government bonds B) Long-term government bonds, 3-month U.S. Treasury bills, small-company stocks, large-company stocks C) Small-company stocks, large-company stocks, long-term government bonds, 3-month U.S. Treasury bills D) Large-company stocks, long-term government bonds, small-company stocks, 3-month U.S. Treasury bills

Business

Rmon2

a. operates only with Layer 2 addresses b. extends RMON1's capabilities and operates with Layer 3 addresses c. operates only with CMIP, and not with SNMP d. none of the above

Business