Explanations

The terms “blank,” “special,” “restrictive,” and “qualified” refer to different ways a negotiable instrument, such as a check or promissory note, can be endorsed or transferred
Blank endorsements involve simply signing the back of the check, allowing it to be freely transferred.
Special endorsements specify a new payee, such as “pay to the order of John”.
Restrictive endorsements limit how the instrument can be used, for example, “for deposit only,” meaning it cannot be further transferred.
Qualified endorsements include phrases like “without recourse,” which protect the endorser from future liability if the maker/borrower defaults on payments.
These actions are distinct from creating liens, signing leases, or forming contracts, which serve different legal purposes in real estate and finance.tions

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