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BOOKKEEPILVO

83. Examples of Endorsement.

1. Blank.   2. Full.

Pay to the order of T. Ray. Jas. Scott.

5. For Partial Payment.

Received on the within note, Feb. 3, 19—, Fifty Dollars.

J. S.

Jfar.4,19—, Thirty Dollars. J. S.

57 3. Restrictive.

6. For Deposit.

Pay to the order of the Dominion Bank.

Jas. Scott.

9. Waiving of Protest.

4. Qualified.

7. For Collection.   S. For Discount.

Pay to the order (f the Dominion Bank.

Jas. Scott.

Pay to the order of the Dominion Bank.

Jas. Scott.

Presentation and Protest waived.

Jas. Scott.

KINDS.

  1. Blank

 

 

  1. Full

 

 

  1. Restrictive

 

 

  1. Qualified

(5). For partial payment

  1. For deposit

  2. For collection

  3. For discount

(9). Waiving of Protest

1.F1, biCTS.

Makes it payable to bearer and holds Jas. Scott liable in case the maker fails to pay.

 

Requires T. Ray to endorse before he can transfer, and holds Jas. Scott liable.

Prevents T. Ray from transferring it with full title ; he may assign it only. Jas. Scott is liable.

 

Makes it payable to bearer, and frees Jas. Scott from liability.

 

Acts as a receipt for payments thereon. The initials should be signed ; if the name were signed in full, it would be payable to bearer.

 

Prevents fraudulent cashing. It must be deposited. Banks object to the form " For deposit only."

 

Used when notes or drafts are placed with the bank for collection.

Used when notes or drafts are discounted and the proceeds deposited.

Holds Jas. Scott liable without protest or notice, in case the maker fails to pay.

(2)

Pay to the order of T. Ray. Jas. Scott.

APPLICATION.

(1). To Notes— 1, 2, 3, 4, 5, 7, 8, 9.

  1. To Drafts—1, 2, 3, 4, 5, 7, 8, 9.

  2. To Cheques—1, 2, 3, 6.

ronto, Jan. 4,19

ate, I promise to pay Scott,

and Fifty   ; Dollars Sinclair.

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