| A restrictive endorsement is this: A notation on | | | | check, it merely is a completion of the terms |
| the back of a check (NOT THE FRONT) reminding | | | | described on the front of the check. |
| the creditor about their agreement to the terms | | | | A recipient of a check with a restrictive |
| by which you agreed to pay them some money. | | | | endorsement cannot cross out the terms. |
| Why do banks require you to sign the back of | | | | PERIOD! That is case law. When a party does not |
| the check when cashing? The front of the check | | | | conform to the agreement, they have breached |
| is the contract. It defines a date, an amount, the | | | | a contract and the payee of the check is entitled |
| place where the funds are and the person or | | | | to relief in the courts. Courts have recently ruled |
| institution to whom you are contracting to pay | | | | that abuse of the "Satisfaction and Accord" |
| the funds to. When you endorse the back of a | | | | doctrine can make endorsements null and void. |