What Is an Endorsement? What Are the Different Types of Endorsements

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The Answer is The act of a payee, drawee, accommodation party, or holder of a negotiable instrument in signing the back of the instrument, with or without qualifying words, to transfer rights in the instrument to another is known as endorsement. An endorsement is required to negotiate a bill or note that is in the form of order paper, and it may optionally be added to bearer paper. Endorsements are signatures, with or without additional statements that are commonly written on the back of the instrument. There are four basic kinds: (1) special endorsements, (2) blank endorsements, (3) qualified endorsements, and (4) restrictive endorsements.

What Is an Endorsement? What Are the Different Types of Endorsements

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What Is an Endorsement? What Are the Different Types of Endorsements

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Correct Answer:VerifiedShow Answer

Correct Answer:
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