When an endorsement is made to the instrument,it can be further negotiated only when it has been indorsed by the specified person.Such an endorsement is a:
A) specific endorsement.
B) definite endorsement.
C) declarative endorsement.
D) special endorsement.

Question

Quizplus · Accepted Answer

A special endorsement is one that designates the specific person to whom the instrument is to be paid. This type of endorsement limits further negotiation of the instrument to only that specified person. Therefore, D is the correct choice as it fits the description given in the question. A, B, and C are not the correct choices as they do not accurately describe this type of endorsement.

When an Endorsement Is Made to the Instrument,it Can Be