Distinguish between Endorsement in Blank and Special Endorsement.

Question

Difference between blank and special endorsement:BasisGeneral/Blank endorsementSpecial Endorsement1. Name of the endorse...

Accepted Answer

Difference between blank and special endorsement:BasisGeneral/Blank endorsementSpecial Endorsement1. Name of the endorse...

Basis	General/Blank endorsement	Special Endorsement
1. Name of the endorsee	The name of the endorsee is not mentioned.	The name of the endorsee is mentioned.
2. Nature	It is a bearer instruments	It is an order instrument or payable on order.
3. Conversion	General endorsement can be converted into special endorsement.	Special endorsement cannot be converted into general endorsement.
4. Nature of endorsee	The name of the endorsee, it should be noticed is not put down.	Special or full endorsement is that which contains not only the name of the endorser but also the name of the endorse.
5. Property	The property in the cheque can now be transferred by mere delivery, no endorsement being required. Thus an order cheque can be made a bearer cheque by putting down a blank endorsement.	The effect of special endorsement is that the endorse must endorse it again if he wants to transfer the property in the cheque to somebody else.