TJ Vargas signed the back of his checks for deposit and then lost them on the way to the bank. When he contacted the issuers of the checks to try to have them reissued, he discovered that the checks had already cleared. How could he have made a restricted endorsement to ensure that they would get deposited only into his account?
a. For Deposit Only. TJ Vargas.
b. Pay to the Order of TJ Vargas.
c. For Deposit Only (3846933720). Midwest Bank. TJ Vargas.
d. Pay to the Order of Midwest Bank. TJ Vargas.
Answers: 2
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TJ Vargas signed the back of his checks for deposit and then lost them on the way to the bank. When...
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