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Which type of endorsement restricts or prohibits further negotiation of a negotiable instrument?
  • a)
    Blank endorsement
  • b)
    Special endorsement
  • c)
    Conditional endorsement
  • d)
    Restrictive endorsement
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Which type of endorsement restricts or prohibits further negotiation o...
A restrictive endorsement is one that restricts or prohibits further negotiation of a negotiable instrument. It may include specific instructions such as "Pay to Mr. X only." This type of endorsement limits the transferability of the instrument.
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Which type of endorsement restricts or prohibits further negotiation of a negotiable instrument?a)Blank endorsementb)Special endorsementc)Conditional endorsementd)Restrictive endorsementCorrect answer is option 'D'. Can you explain this answer?
Question Description
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