Special or Full Indorsement


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Special or Full Indorsement

If the indorser signs his name and adds a direction to pay the amount to or to the order of a certain person, it is called full indorsement.

Illustration : A bill made payable to Smith, may be endorsed in full by him as “Pay A or order”.

 

[Sd.] Smith

An instrument having been endorsed in blank is indorsed in full the indorser in full is liable to the person to whom it is indorsed in full or to others who derive title through such person.


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