An indorsement that contains the signature of an indorser and specifies a 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 contains the signature of the indorser and specifies the person to whom the instrument is to be paid, making it different from a blank indorsement, which does not specify a payee, and an unqualified indorsement, which does not limit the payment to a specific person. A qualified indorsement limits the indorser's liability.

An Indorsement That Contains the Signature of an Indorser and Specifies