Question

Identify the types of endorsement from the given format and write short notes on each type.

Answer 1

1. Blank Endorsement: The endorser simply puts his signature, without mentioning the name of the endorsee. 

2. Special Endorsement: The endorser mentions the name of the endorsee along with his signature on the back of the Instrument. 

3. Restrictive Endorsement: Restrictlnq further endorsement. 

4. Sans – Recourse Endorsement: If the bill is dishonoured the holder cannot have recourse to the endorser. 

5. Facultative Endorsement: Endorsement made by waiving some right of the endorser.