An indorsement that contains the signature of the indorser and specifies the person to whom the indorser intends the instrument to be payable is known as a(n) ________.
A) qualified indorsement
B) unqualified indorsement
C) blank indorsement
D) special indorsement

Question

Quizplus · Accepted Answer

A special indorsement is an endorsement that specifies the person to whom the instrument is payable. It includes the signature of the endorser as well. Therefore, it is the best choice for the given description. A qualified indorsement limits the liability of the endorser, a blank indorsement is made by signing on the back without any specification and an unqualified indorsement is an indorsement without any restrictive text.

An Indorsement That Contains the Signature of the Indorser and Specifies