Q279
Can the holder of a negotiable instrument indorsed in blank convert the indorsement into an indorsement in full?
A.
No, such a conversion is not possible under the Negotiable Instruments Act, 1881 (Section 49)
B.
Yes, the holder can, without signing his own name, and by writing above the indorser's signature a direction to pay to any other person as indorsee, convert the indorsement in blank into an indorsement in full (Section 49)
AnswerC.
Yes, the holder can by signing his own name and by writing above the indorser's signature a direction to pay to any other person as indorsee, convert the indorsement in blank to an indorsement in full (Section 49)
D.
None of the above
Answer: Option B
Solution
Answer: Option B
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