_____ indorsements indicate that they are effective only if the payee satisfies a certain condition.

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Conditional indorsements require the payee to satisfy a certain condition, such as the indorsement being valid only if a specific event occurs (e.g. "Pay to John Doe only if he completes the construction project by the end of the month"). Special indorsements specify the person to whom the check is to be paid, while qualified indorsements limit the liability of the indorser. Blank indorsements are made by simply signing the back of the check, without specifying a payee.

_____ Indorsements Indicate That They Are Effective Only If the Payee