Which of the following is an example of an endorsement found on the back of a promissory note that is a special qualified endorsement?
Answer: Pay to Jenny Eaton without recourse, (signed) Jan Brake.
Explanation: The endorsement is special because it indicates the person, Jenny Eaton, to whom the instrument is negotiated. The endorsement is also qualified using the phrase "without recourse".
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Answer: Pay to Jenny Eaton without recourse, (signed) Jan Brake.
Explanation: The endorsement is special because it indicates the person, Jenny Eaton, to whom the instrument is negotiated. The endorsement is also qualified using the phrase "without recourse".
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