If an indorsement contains the signature of the indorser along with the words indicating to whom, or to whose order, the instrument is payable, it can be termed as a _____ indorsement.
A) special
B) restrictive
C) blank
D) qualified

Question

Quizplus · Accepted Answer

A special indorsement contains the signature of the indorser along with the words indicating to whom, or to whose order, the instrument is payable. An instrument that is indorsed with a special indorsement remains "order paper." It can be negotiated only with the indorsement of the person specified.

If an Indorsement Contains the Signature of the Indorser Along