BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The act of a person who is a holder of a negotiable instrument in signing his or her name on the back of that instrument, thereby transferring title or ownership is an endorsement. An endorsement may be in favour of another individual or legal entity.

Detailed explanation-2: -The holder of a negotiable instrument may sign his or her name on the back of that instrument, which replicates the transfer of title or ownership of that negotiable instrument, this process is termed as an endorsement.

Detailed explanation-3: -(1) ] If the indorser signs his name only, the indorsement is said to be “in blank”, and if he adds a direction to pay the amount mentioned in the instrument to, or to the order of, a specified person, the indorsement is said to be “in full”, and the person so specified is called the “indorsee” of the instrument.

Detailed explanation-4: - Blank Indorsement: An indorsement that specifies no particular indorsee and can consist of a mere signature.

Detailed explanation-5: -There are seven kinds of indorsements: (1) Indorsement in blank (2) Indorsement in full (3) Partial indoresment (4) Conditional or Qualified indorsement (5) Restrictive indorsement (6) Facultative indorsement (7) Forged indorsement.