If an indorsement contains the signature of the indorser along with the words indicating to whom,or to whose order,and the instrument is payable,it can be termed as a _____.
A) special indorsement
B) restrictive indorsement
C) blank indorsement
D) qualified indorsement

Question

Quizplus · Accepted Answer

A special indorsement contains the signature of the indorser along with the words indicating to whom, or to whose order, the instrument is payable. An instrument that is indorsed with a special indorsement remains "order paper." It can be negotiated only with the indorsement of the person specified.

If an Indorsement Contains the Signature of the Indorser Along