Question
If an indorser signs and 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____________Solution
Negotiable Instrument Act Section 16. Indorsement ''in blank'' and ''in full'': (1) If the indorser signs his name only, the indorsement is said to be "in blank," 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 "in full", and the person so specified "Indorsee" is called the “indorsee” of the instrument.
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