{"id":34599,"date":"2024-04-15T09:33:08","date_gmt":"2024-04-15T09:33:08","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=34599"},"modified":"2024-04-15T09:33:08","modified_gmt":"2024-04-15T09:33:08","slug":"under-section-16-of-the-negotiable-instrument-act-endorsement-in-blank-of-an-instrument-means","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/under-section-16-of-the-negotiable-instrument-act-endorsement-in-blank-of-an-instrument-means\/","title":{"rendered":"Under section 16 of the Negotiable Instrument Act, &#8216;endorsement in blank&#8217; of an instrument means:"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Where the endorser does not write anything on the instrument&#8221; option2=&#8221;Where the endorser only signs without writing any name on the instrument&#8221; option3=&#8221;Where the endorser writes the name of the person who is directed to pay&#8221; option4=&#8221;None of the above&#8221; correct=&#8221;option2&#8243;]<!--more--><\/p>\n<p>The correct answer is: <strong>B. Where the endorser only signs without writing any name on the instrument<\/strong>.<\/p>\n<p>An endorsement in blank is an endorsement where the endorser only signs their name on the back of the instrument. This type of endorsement makes the instrument payable to bearer, which means that anyone who has possession of the instrument can negotiate it.<\/p>\n<p>Option A is incorrect because an endorsement in blank does not require the endorser to write anything on the instrument other than their signature.<\/p>\n<p>Option C is incorrect because an endorsement in blank does not require the endorser to write the name of the person who is directed to pay.<\/p>\n<p>Option D is incorrect because an endorsement in blank is a valid type of endorsement under section 16 of the Negotiable Instrument Act.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Where the endorser does not write anything on the instrument&#8221; option2=&#8221;Where the endorser only signs without writing any name on the instrument&#8221; option3=&#8221;Where the endorser writes the name of the person who is directed to pay&#8221; option4=&#8221;None of the above&#8221; correct=&#8221;option2&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[704],"tags":[],"class_list":["post-34599","post","type-post","status-publish","format-standard","hentry","category-legal-aspects-of-business","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Under section 16 of the Negotiable Instrument Act, &#039;endorsement in blank&#039; of an instrument means:<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/under-section-16-of-the-negotiable-instrument-act-endorsement-in-blank-of-an-instrument-means\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Under section 16 of the Negotiable Instrument Act, &#039;endorsement in blank&#039; of an instrument means:\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;Where the endorser does not write anything on the instrument&#8221; option2=&#8221;Where the endorser only signs without writing any name on the instrument&#8221; option3=&#8221;Where the endorser writes the name of the person who is directed to pay&#8221; option4=&#8221;None of the above&#8221; correct=&#8221;option2&#8243;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/under-section-16-of-the-negotiable-instrument-act-endorsement-in-blank-of-an-instrument-means\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-15T09:33:08+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Under section 16 of the Negotiable Instrument Act, 'endorsement in blank' of an instrument means:","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/under-section-16-of-the-negotiable-instrument-act-endorsement-in-blank-of-an-instrument-means\/","og_locale":"en_US","og_type":"article","og_title":"Under section 16 of the Negotiable Instrument Act, 'endorsement in blank' of an instrument means:","og_description":"[amp_mcq option1=&#8221;Where the endorser does not write anything on the instrument&#8221; 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