Indorsements

Indorsements

Signature with or without additional words or comments:

§ Blank Indorsements.

§ Special Indorsements.

§ Qualified Indorsements.

§ Restrictive Indorsements.

Miscellaneous Indorsement Problems

Misspelled Names. Indorsement should generally be identical to name on instrument.

§ Misspelled name OK.

Instruments Payable to Legal Entities.

§ Negotiable by authorized representative of the entity.

Alternative or Joint Payees.

§ In the alternative - either may indorse.

§ Jointly - both must indorse.

Case 25.1: GMAC v. Abington Casualty (1992).