Statutory check endorsement statement must be on all what?

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Multiple Choice

Statutory check endorsement statement must be on all what?

Statutory check endorsement statements belong on the instrument used to pay benefits. When benefits are issued, they’re paid by check, and law requires this endorsement notice to appear on that check. It helps the payee know how to endorse and deposit the funds and protects both the payer and recipient from improper endorsements. Endorsements themselves, receipts, or invoices aren’t payment instruments, so they don’t carry this requirement. So, the statement must be on all checks.

Statutory check endorsement statements belong on the instrument used to pay benefits. When benefits are issued, they’re paid by check, and law requires this endorsement notice to appear on that check. It helps the payee know how to endorse and deposit the funds and protects both the payer and recipient from improper endorsements. Endorsements themselves, receipts, or invoices aren’t payment instruments, so they don’t carry this requirement. So, the statement must be on all checks.

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