explain diffrent types endorse with portble examples
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There are seven kinds of endorsement. types of endorsement: Endorsement is nothing but a part of negotiation.
Endorsement in Blank :
Endorsement in Full.
Conditional Endorsement.
Restrictive Endorsement.
Sans Recourse Endorsement.
Facultative Endorsement.
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Blank Endorsement – Where the endorser signs his name only, and it becomes payable to bearer.
Special Endorsement – Where the endorser puts his sign and writes the name of the person who will receive the payment.
Restrictive Endorsement – Which restricts further negotiation.
Partial Endorsement – Which allows transferring to the endorsee a part only of the amount payable on the instrument.
Conditional Endorsement – Where the fulfilment of some conditions is required.
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