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- Types of endorsement are12:
- Blank or general endorsement: the endorser signs his name only, and it becomes payable to bearer.
- Special or full endorsement: the endorser signs his name and writes the name of the person who will receive the payment.
- Restrictive endorsement: the endorser restricts further negotiation of the instrument.
- Partial endorsement: the endorser transfers only a part of the amount payable on the instrument.
- Conditional or qualified endorsement: the endorser adds a condition or a qualification to his liability. Examples are sans recourse, facultative, and contingent endorsements.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.5 different types of endorsement are discussed below:
- Blank or general endorsement
- Special or full endorsement [Sec. 16]
- Partial endorsement [Sec. 56]
- Restrictive endorsement [Sec. 50]
www.geektonight.com/types-of-endorsement/Types of Endorsement
- Blank Endorsement – Where the endorser signs his name only, and it becomes payable to bearer.
- Special Endorsement – Where the endorser puts his sign and writes the name of the person who will receive the payment.
www.toppr.com/guides/business-laws-cs/negotiabl… - People also ask
Learn about the different types of endorsement of negotiable instruments, such as blank, special, partial, restrictive, and conditional. Find definitions, examples, and business law notes on this topic. See more
Endorsement means, “the writing of one’s name on the back of the instrument or any paper attached to it with the intention of transferring the rights therein“.– Negotiable Instruments Act Thus, an endorsement is signing a negotiable instrument for the purpose of … See more
5 different types of endorsementare discussed below: 1. Blank or general endorsement 2. Special or full endorsement[Sec. 16] 3. Partial endorsement[Sec. 56] 4. Restrictive endorsement[Sec. 50] 5. Conditional or qualified … See more
Signing 1. on the face or back of negotiable instrument; or 2. on a slip of paper annexed to the negotiable instrument By 1. the … See more
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