Question

State the types of endorsement.

Answer 1

1.Conditional endorsement

2.Restrictive endorsement

3.Special endorsement

4.Blank endorsement

5.Qualified endorsement

Answer 2

Types of Endorsement :

✴ Conditional Endorsement

➡A “conditional” endorsement is one of the ways in which a check may be endorsed.

✴ Restrictive Endorsement

➡A restrictive endorsement restricts or limits negotiability.

✴ Special Endorsement

➡A “special” endorsement allows a payee to make a check payable to another person or entity.

✴ Blank Endorsement

➡A “blank” endorsement is the most common type of check endorsement.

✴ Qualified Endorsement

➡A qualified endorsement limits the responsibility of the endorser.