Question

The can transfer the right to cash a check to another party by endorsing it.

Options:
A) Blank endorsement
B) Special endorsement
C) Restrictive endorsement
D) Qualified endorsement

Answer 1

A special endorsement allows the transfer of the right to cash a check to a specific recipient by signing the back of the check and specifying their name.

Step-by-step explanation:

The option to transfer the right to cash a check to another party by endorsing it is known as a special endorsement.

A special endorsement is achieved by signing the back of the check and specifying the name of the person or entity to whom the check is being transferred.

This type of endorsement is commonly used when the check is intended to be transferred to a specific recipient.