I received a check from a payor in which he endorsed it "For deposit only". Can he do this?
Untitled
It's legal for a check to include a requirement that it not be negotiated except as a deposit to the account of the payee. Putting "for deposit only" above the endorsement area on the check is one way of imposing such a requirement.
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It's legal for a check to include a requirement that it not be negotiated except as a 