Question

Endorsement warns the endorsee that the endorser is an agent with limited authority.

• A. Sans recourse
• B. Facultative
• C. Per pro
• D. Partial

Answer 1

Answer:

C. Per pro

A "per pro" (per procurationem) endorsement means someone is signing a financial instrument (like a check) on behalf of another person or company, acting as their authorized agent, indicating they have the power to do so (e.g., "per pro John Doe, Jane Smith"). It's a legal way to show the signing isn't personal but delegated, giving the instrument validity as if the principal signed it, commonly used in business to manage transactions.