Chapter 10: Banking & Negotiable Instruments

Front

An indorsement with the words “for deposit only” added is

Back

a restrictive indorsement.

Front

The method of banking that uses computers as a substitute for paper is called

Back

electronic fund transfer.

Front

A written promise by one person to pay money to another person is

Back

a note

Front

A check that is more than six months old is

Back

a stale check