What are the kinds or important of Endorsements?

Endorsements are of various kinds, the most important being as follow:

Endorse - 002 by paldipaldi on DeviantArt

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Blank or general endorsement:

A blank or general endorsement is one in which the endorser simply puts down his signature. The name of the endorsee, it should be noticed is not put down. The effect of such an endorsement is to make the cheque a bearer cheque. The property in the cheque can now be transferred by mere delivery, no endorsement being required. Thus an order cheque can be made a bearer cheque by putting down a blank endorsement.


Special endorsement:

Special or full endorsement is that which contains not only the name of the endorser but also the name of the endorse. The effect of special endorsement is that the endorse must endorse it again if he wants to transfer the property in the cheque to somebody else.

Restrictive endorsement:

When an endorsement restricts the negotiability or transferability of proprietorship of a cheque, it is known as restrictive endorsement.


Partial endorsement:

A partial endorsement is one which means to transfer the cheque only for a part of its value. For instance a cheque for Rs. 500 may be endorsed only for Rs.300. Legally such an endorsement is invalid.

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