An endorsement that restricts or prohibits the further negotiation of a negotiable instrument is known as:

CS CSEET · Business Laws and Management · PYQS · October 2026
An endorsement that restricts or prohibits the further negotiation of a negotiable instrument is known as:
(A) Partial endorsement
(B) Restrictive endorsement
(C) Endorsement in full/Special endorsement
(D) Blank endorsement

Answer & Explanation:

Correct Answer: Option (B)

Correct answer: (B) Restrictive endorsement.

Topics: Negotiable Instruments Act, 1881

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