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)black indorsement
D)special indorsement

Question

Quizplus · Accepted Answer

A special indorsement is the indorsement that contains the signature of the indorser and specifies the person to whom the indorser intends the instrument to be payable. The other options are different types of indorsements, but only the special indorsement fits the given description.

An Indorsement That Contains the Signature of the Indorser and Specifies