Asked by Danielle Tabor on May 16, 2024
Verified
There are two kinds of unqualified endorsements: ________ and ________,
A) partial, qualified.
B) blank, qualified.
C) special, qualified.
D) special, blank.
E) blank, partial.
Unqualified Endorsements
Endorsements on negotiable instruments, such as checks, without any limitations, making the endorser fully liable.
Special
Distinguished by a unique or particular quality, purpose, or condition from what is ordinary or common.
- Acquire a clear understanding of negotiation processes and the significance of endorsements in making negotiable instruments transferable.
- Determine and explicate the different kinds of endorsements along with their legal ramifications.
Verified Answer
JH
jovette hernandezMay 19, 2024
Final Answer :
D
Explanation :
The two kinds of unqualified endorsements are special and blank. A special endorsement specifies the person to whom the endorser makes the instrument payable, while a blank endorsement does not specify a payee, making the instrument payable to bearer.
Learning Objectives
- Acquire a clear understanding of negotiation processes and the significance of endorsements in making negotiable instruments transferable.
- Determine and explicate the different kinds of endorsements along with their legal ramifications.
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