Seven important kinds of endorsements
Important kinds of endorsements are given below:1. Blank or genera endorsementl: If the endorser signs his name only and does not specify the name of the endorsee, the endorsement is said to be in blank Sec. 16(1). The effect of a blank endorsement is to convert the order instrument into bearer instrument (Sec. 54), which may be transferred merely by delivery. Image Source: images.wisegeek.com ADVERTISEMENTS: 2. Endorsement in full or special endorsement:If the endorser, in addition to his signature, also adds a direction to pay the amount mentioned in the instrument to, or to the order of, a specified person the endorsement is said to be in full [Sec. 16(1)].If, for example, A, the holder of a bill of exchange, wants to make an endorsement in full to B, he…