微信扫一扫
实时资讯全掌握
| Johnson lost a check that he had received for professional services rendered. The instrument on its face was payable to Johnson’s order. He had endorsed it on the back by signing his name and printing "for deposit only" above his name. Assuming the check is found by Alcatraz, a dishonest person who attempts to cash it, which of the following is correct? A. If Alcatraz simply signs his name beneath Johnson’s endorsement, he can convert it into bearer paper and a holder in due course would take free of the restriction. B. The endorsement is a blank endorsement and a holder in due course who cashed it for Alcatraz would prevail. C. The endorsement prevents further transfer or negotiation by anyone. D. Any transferee of the instrument must pay or apply any value given by him for the instrument consistent with the endorsement. |