Asked by Jonathan Richardson on Apr 24, 2024
Verified
Which of the following are types of unqualified endorsements?
A) Blank and special.
B) Allonge and special.
C) Allonge and blank.
D) Qualified and blank.
E) Qualified and special.
Unqualified Endorsements
An endorsement on a negotiable instrument, such as a check, without any limitations, allowing for the transfer of rights to another party.
Special
Distinguished or different from what is ordinary or usual, often implying superiority or a specific purpose.
- Familiarize oneself with various endorsement types and how they influence negotiable instruments.
Verified Answer
MB
monica banta6 days ago
Final Answer :
A
Explanation :
Blank and special endorsements are two types of unqualified endorsements. A blank endorsement specifies no endorsee and can be negotiated by possession alone, while a special endorsement specifies the endorsee, making the instrument payable to the identified person.
Learning Objectives
- Familiarize oneself with various endorsement types and how they influence negotiable instruments.
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