Differentiate the following in brief: (v) Special endorsement and Restrictive endorsement.

Special Endorsement Restrictive Endorsement When the endorser adds a direction to pay the amount mentioned in the instrument to or to the order of a specified person, the endorsement is said to be in full or special endorsement, and the persons specified is called the endorsee of the instrument. Suppose, a cheque is drawn in favour of 'A' and he wants to transfer it in favour of 'B', then 'A' should write at the back of the cheque as follows. "Pay to 'B' or his order" 'A' (Sd.) An endorsement is restrictive when it prohibits further negotiation of the instrument or stipulates that it should be dealt with only in the manner directed in the endorsement. For example: 'Pay to 'A' only'. 'Pay to 'A' or order for the Account of B'. 'Pay 'A' for my use'