ty12590
ty12590 ty12590
  • 25-03-2020
  • Business
contestada

Explain the difference between a blank endorsement and a restrictive endorsement.

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darmi
darmi darmi
  • 25-03-2020

Answer:

A bank endorsement is a guarantee by a bank confirming that it will uphold a check or other negotiable instrument whereas restrictive endorsement places a limition on the use of a check or other negotiable financial instrument

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Katniss0522
Katniss0522 Katniss0522
  • 02-04-2020

Answer:

A blank endorsement is a simple signature of the endorser. There are not any restrictions. The check can be cashed or deposited. A restrictive endorsement is placing a restiction or constraint on the check.

Hope this helps.

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