BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Blank Indorsement: An indorsement that specifies no particular indorsee and can consist of a mere signature. Technically, this is a blank, unqualified, and nonrestrictive indorsement.

Detailed explanation-2: -If the indorsement is made by a holder and is not a special indorsement, it is a blank indorsement. For example, the holder of an instrument, intending to make a special indorsement, writes the words “Pay to the order of” without completing the indorsement by writing the name of the indorsee.

Detailed explanation-3: -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.

Detailed explanation-4: -(b) If an indorsement is made by the holder of an instrument and it is not a special indorsement, it is a “blank indorsement.” When indorsed in blank, an instrument becomes payable to bearer and may be negotiated by transfer of possession alone until specially indorsed.

Detailed explanation-5: -The payee, who is the person receiving the payment, must be named or otherwise indicated on the instrument. Because they are transferable and assignable, some negotiable instruments may trade on a secondary market.