Check payees can sign name on back left side {blank endorsement} {endorsement}|, making check payable to any bearer. Payees can write "pay to X" and signature on back {special endorsement}, making X the only person that can cash check. Payees can write "for deposit only" and signature on back {restrictive endorsement}, making check non-negotiable. Payee can write "without recourse" and signature on back {qualified endorsement}, thus limiting liability. Third parties should not accept commercial paper with qualified endorsements.
Practical Affairs>Financial Affairs>Banking>Checking
7-Financial Affairs-Banking-Checking
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Date Modified: 2022.0224