Question
As per the provisions of the Negotiable Instrument Act
if the indorser signs his name and adds a direction to pay the amount mentioned in the instrument to a specified person, the indorsement is said to be________Solution
Section 16 of Negotiable Instrument Act - Indorsement āin blankā and āin fullā.ā(1) If the indorser signs his name only, the indorsement is said to be āin blank,ā and if he adds a direction to pay the amount mentioned in the instrument to, or to the order of, a specified person, the indorsement is said to be āin fullā; and the person so specified āIndorseeā.āis called the āindorseeā of the instrument.
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