You were examining some negotiable instruments for a client. Which of the following endorsements can be classified as a special restrictive endorsement?
a. Pay to Alex Ericson if he completes the contracted work within ten days, (signed) Stephanie Sene.
b. Pay to Alex Ericson without recourse (signed) Stephanie Sene.
c. For deposit only, (signed) Stephanie Sene.
d. Pay to Alex Ericson, (signed) Stephanie Sene.
Answer: A
CPA Exam
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