A qualified endorsement qualifies the effect of a blank or special endorsement by disclaiming or destroying the liability of the indorser to answer for the default of the maker or drawee.

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A qualified endorsement adds a qualification or condition to the endorsement, which limits the liability of the endorser. In a qualified endorsement, the endorser disclaims or reduces their liability for the payment or collection of the check or promissory note.

A Qualified Endorsement Qualifies the Effect of a Blank or Special