Types of Endorsement

  1. Blank Endorsements: section 16(1) it means endorser only signs his name with adding any words or directions, this endorsement makes the instrument payable to bearer.
  2. Endorsement in Full: - The endorser added the name of endorsee specifically.
  3. Conditional Endorsement: Here the endorser puts some conditions for endorsee Here the binding of conditions is between endorsee and endorser only.
  4. San recourse Endorsement: - Endorser added the words without recourse to me.
  5. Facultative Endorsement: - Where an endorser waives the condition of notice of dishonour.
  6. Endorsement on Bearer Cheque: - The endorsement on bearer cheque is meaning less as the cheque once bearer is always bear.

أحدث أقدم