Asked by hilal erkan on May 07, 2024
Verified
"Pay to the order of Jose Dejesus" is a special indorsement.
Special Indorsement
A method of endorsing a negotiable instrument, where the endorser specifies the person to whom or to whose order the instrument is payable.
Pay to the Order
A phrase used in cheques or negotiable instruments that specifies the person to whom the payment is to be made.
- Understand the roles and effects of indorsements, including special, blank, and restrictive indorsements.
Verified Answer
AE
Aliea EdnieMay 11, 2024
Final Answer :
True
Explanation :
A special indorsement specifies the person to whom the endorser makes the instrument payable, which in this case is "Jose Dejesus," making it a special indorsement.
Learning Objectives
- Understand the roles and effects of indorsements, including special, blank, and restrictive indorsements.