What is meant by special endorsement?
(a) If an endorsement is made by the holder of an instrument, whether payable to an identified person or payable to bearer, and the endorsement identifies a person to whom it makes the instrument payable, it is a "special endorsement." When specially endorsed, an instrument becomes payable to the identified person and ...
What are the 4 types of endorsements?
Blank or General Endorsement. Full Endorsement or Special Endorsement. Conditional Endorsement. Restrictive Endorsement.
What is an example of a blank endorsement?
Blank endorsement is a kind of signature on a financial instrument. It has no designated payee, so the person who possesses it can demand payment, for example, a check made payable to cash and endorsed on the back with the signature of the account held.
Which of the following is an example of full endorsement?
Full or special\n\n This provides the endorsee with the ability to take legal action if the endorser does not follow through. For example, a paycheck signed by a manager is a full endorsement, as it includes all the relevant information, including the payee's name.
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