Asked by Lucinda Donaldson on Apr 29, 2024
Verified
An endorsement that is the endorser's signature followed by a named endorsee, who then becomes the holder of the instrument, is what type of endorsement?
A) Blank unqualified.
B) Special unqualified.
C) Blank qualified.
D) Special qualified.
E) Conditional.
Endorsee
One who receives an endorsement.
Endorsement
is the act of endorsing, which can include a signature or instruction written on the back of a negotiable instrument, or a public expression of support.
- Discern and describe the classifications of endorsements and their implications in law.
Verified Answer
ZK
Zybrea KnightMay 04, 2024
Final Answer :
B
Explanation :
A special unqualified endorsement is when the endorser signs their name and specifies a particular endorsee who will become the new holder of the instrument. This contrasts with a blank endorsement, which does not specify the endorsee, allowing any holder to claim the instrument.
Learning Objectives
- Discern and describe the classifications of endorsements and their implications in law.
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