Commercial Law, 2011 Bar — Question 8

MULTIPLE CHOICE

A negotiable instrument can be indorsed by way of a restrictive indorsement, which prohibits further negotiation and constitutes the indorsee as agent of the indorser. As agent, the indorsee has the right, among others, to A) demand payment of the instrument only. B) notify the drawer of the payment of the instrument. C) receive payment of the instrument. D) instruct that payment be made to the drawee.

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