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Question
If the endorser signs his name and adds a direction to pay the amount mentioned in the instrument to, or to the order of a specified person, the endorsement is said to be -.
If the endorser signs his name and adds a direction to pay the amount mentioned in the instrument to, or to the order of a specified person, the endorsement is said to be -.
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Solution
The correct option is B Special or in full
An endorsement of a check authorizing payment to an entity other than the entity to which the check was originally written. A special endorsement consists of a signature and a statement identifying the entity to which the check should be paid. An endorsement “in full” or a special endorsement is one where the endorser not only puts his signature on the instrument but also writes the name of a person to whom or to whose order the payment is to be made.
An endorsement of a check authorizing payment to an entity other than the entity to which the check was originally written. A special endorsement consists of a signature and a statement identifying the entity to which the check should be paid. An endorsement “in full” or a special endorsement is one where the endorser not only puts his signature on the instrument but also writes the name of a person to whom or to whose order the payment is to be made.
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