Which of the following is an endorsement that restrict the further negotiation of the bill? A. Restrictive Endorsement B. Partial Endorsement C. Conditional Endorsement D. Facultative Endorsement E. Sans recourse Endorsement

1 Answer

Answer :

A. Restrictive Endorsement Explanation: An endorsement which restrict the further negotiation of the bill.

Related questions

Description : The endorser expresses that he/she would not be liable for any expenses incurred by endorsee or any holder, in case of dishonour of the instrument the endorsement is called ... Endorsement B. Partial Endorsement C. Conditional Endorsement D. Facultative Endorsement E. Sans recourse Endorsement

Last Answer : E. Sans recourse Endorsement Explanation: The endorser expresses that he would not be liable for any expenses incurred by endorsee or any holder, in case of dishonour of the instrument the endorsement is called Sans recourse Endorsement.

Description : Which of the following endorsement specifies the name of the transferee for the payment of the bill? A. Restrictive Endorsement B. Partial Endorsement C. Conditional Endorsement D. Facultative Endorsement E. Special Endorsement

Last Answer : E. Special Endorsement Explanation: An endorsement which specifies the name of the transferee for the payment of the bill is called special endorsement.

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Last Answer : C. Conditional Endorsement Explanation: If the endorsement makes the payment of a bill subject to the fulfilment of a condition the endorsement is called Conditional Endorsement.

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