Question: Moira Dahl wrote and signed a check that stated payable to the order of Earl Perry. One portion of the check stated $ 4 0
Moira Dahl wrote and signed a check that stated payable to the order of Earl Perry. One portion of the check stated $ but the amount that was written out stated Five hundred dollars. Before Mr Perry deposited the check into his bank account, he indorsed the check with his signature and the notation for deposit only. The following statements are about this situation. Select the answer choice containing the correct statement.Mr Perrys indorsement of the check is considered a restrictive indorsement.In this situation, Ms Dahl is the checks drawee.According to the Uniform Commercial Code UCC numbers prevail over words, and, thus, the check is payable for $ rather than $The check does not meet the required formalities to qualify as a negotiable instrument.
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