Question

What kind of endorsement is this - "Pay the contents to C only" ? *

1 point

Partial Endorsement

Restrictive Endorsement

Conditional Endorsement

Full Endorsement
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Answer 1

Answer:

The act of a person who is a holder of a negotiable instrument in signing his or her name on the back of that instrument, thereby transferring title or ownership is an endorsement. An endorsement may be in favour of another individual or legal entity. An endorsement provides a transfer of the property to that other individual or legal entity. The person to whom the instrument is endorsed is called the endorsee. The person making the endorsement is the endorser. Let us discuss the Endorsement of Instruments here in detail.

Answer 2

Explanation:

This Act may be called the Negotiable Instruments Act, 1881.

Local extent, saving of usage relating to hundis, etc., commencement: It extends 1to 2[the whole of India 3[* * *]]; but nothing herein contained affects the 4[Indian Paper Currency Act, 1871 (3 of 1871)], section 21, or affects any local usage relating to any instrument in an oriental language:

PROVIDED that such usages may be excluded by any words in the body of the instrument, which indicate an intention that the legal relations of the parties thereto shall be governed by this Act; and it shall come into force on the first day of March, 1882.