What is a conditional endorsement example?
Note: A conditional indorsement including words such as, "pay Tom if he washes my car" is ineffective. It does not qualify as a restrictive indorsement and does not limit negotiability. Example: Signing the instrument and writing For Deposit Only is a restrictive indorsement on a check.
What is types of conditional endorsement?
Blank or General Endorsement. Full Endorsement or Special Endorsement. Conditional Endorsement. Restrictive Endorsement.
What are the 4 types of endorsement?
There are 7 types of endorsements. They are facultative, partial, conditional, restrictive, blank or general, special or full, and blank or general.
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