What are the 4 types of endorsements?
Blank or General Endorsement. Full Endorsement or Special Endorsement. Conditional Endorsement. Restrictive Endorsement.
What is a blank endorsement quizlet?
A blank endorsement is simply the payee's signature on the back of the check.
Why is blank endorsement important?
The blank endorsement essentially makes the financial instrument into a bearer paper. The risk of a blank endorsement is that if it is lost or stolen, the finder can cash or deposit it.
What does order blank endorsed mean?
A blank endorsement on a bill of lading indicates the seller has not specified a recipient or buyer for the goods. If a seller or exporter does not have a buyer for their goods at the time of shipment, they can indicate "to order" or "to order of" in the consignee section of the bill of lading.
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