An endorsement in which the payee specifies the person to whom, or to whose order, the instrument is to be paid is a:
A) blank endorsement.
B) special endorsement.
C) restrictive endorsement.
D) qualified endorsement.

Question

Quizplus · Accepted Answer

A special endorsement specifies the person to whom or to whose order the instrument is to be paid. This is different from a blank endorsement, which simply requires the payee's signature, a restrictive endorsement, which limits the use and negotiation of the instrument, and a qualified endorsement, which imposes certain conditions on payment.

An Endorsement in Which the Payee Specifies the Person to Whom