• 1 Marks

BL – Nov 2011 – L1 – SA – Q1 – Negotiable Instruments

The question tests knowledge of the term used when an endorser specifies to whom a bill is payable

Where an endorser signs the Bill and expressly states to whom or to whose order the Bill is now payable, the endorsement is referred to as …………………………………….

Special endorsement

Explanation:
A special endorsement is made when the endorser indicates the name of the person to whom the bill is payable, restricting the transfer of the bill only to that person. It clarifies the payee’s identity and limits the negotiability of the bill to the person named in the endorsement.

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