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Your friend and classmate Lucy Smith gives you a call to ask your help with a problem. Her mom is on a plane traveling for a business trip, and she asked Lucy to deposit her paycheck today. The problem is that Lucy's mom forgot to endorse her paycheck. What would you suggest that Lucy do to get her mom's paycheck deposited today?

Respuesta :

fernandoalonsoc

Answer:

Lucy Smith needs to do a restictive endorsement

Explanation:

A check may be deposited into the account of a payee without a signature endorsing it if the person making the deposit makes a restrictive endorsement. Most banks allow anyone to deposit a check using these endorsements – usually qualified as “For Deposit Only” on the back of the check with the payee's name.

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