A __________ indorsement consists of the signature of the indorser and words specifying the person to whom the indorser makes the instrument payable.
A) qualified
B) restrictive
C) special
D) blank

Question

Quizplus · Accepted Answer

A special indorsement is also known as a specific indorsement, in which the indorser specifies the person to whom the instrument is payable. It is different from a blank indorsement where the signature of the indorser alone is sufficient to transfer the instrument. A qualified indorsement places some condition on the payment of the instrument, while a restrictive indorsement restricts further negotiation of the instrument.

A __________ Indorsement Consists of the Signature of the Indorser