Which of the following is one of the general kinds of indorsements?
A) special
B) ratifying
C) permanent
D) nominal
E) negotiated

Question

Quizplus · Accepted Answer

These are the three general kinds of indorsements. Special indorsement specifies the person to whom the indorsee makes the bill payable, nominal indorsement only signs the bill without specifying any person, and negotiated indorsement transfers the ownership of the bill to another party. Ratifying and permanent indorsements are not general kinds of indorsements.

Which of the Following Is One of the General Kinds