An indorsement with just the indorsee's signature on it, and a specific payee, would be an example of a nonrestrictive indorsement.

Question

Quizplus · Accepted Answer

A nonrestrictive indorsement does not limit the further negotiability of the instrument. An indorsement with just the indorsee's signature on it, and a specific payee, would be an example of a nonrestrictive indorsement because it does not limit the further negotiability of the instrument.

An Indorsement with Just the Indorsee's Signature on It, and a Specific