If the indorser adds a direction to pay to a specified person, the indorsement is:
Section 16(1) of the Negotiable Instruments Act, 1881 calls an indorsement in full one where the indorser adds a direction to pay the amount to, or to the order of, a…
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If the indorser adds a direction to pay to a specified person, the indorsement is:
Answer and explanation
Correct answer A
Section 16(1) of the Negotiable Instruments Act, 1881 calls an indorsement in full one where the indorser adds a direction to pay the amount to, or to the order of, a specified person.
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