Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What Is an Endorsement and What Makes an Endorsement of a Check Proper?

Endorsement
0
Posted

What Is an Endorsement and What Makes an Endorsement of a Check Proper?

0

An endorsement is described as the writing on the back of a negotiable or other instrument. It may consist of a mere signature, with nothing more. There are various kinds of endorsements: What Is an Endorsement and What Makes an Endorsement of a Check Proper? An endorsement is described as the writing on the back of a negotiable or other instrument. It may consist of a mere signature, with nothing more. There are various kinds of endorsements: • Blank – specifies no particular endorsee and may consist of a mere signature. An instrument payable to someone and endorsed in the blank becomes payable to bearer and may be negotiated by delivery alone until specially indorsed. In form, a blank endorsement usually consists of the signature of the endorser alone on the back of the check. • Special – specifies the person to whom the instrument is to be payable. For instance an endorsement reading “Pay to the order of B” and signed “A.” A special endorsement in the style “Pay John Doe” and signed

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123