Restrictive endorsements of bills of exchange limit further endorsements by specifying the endorsee or conditions for payment. The payee can also endorse the bill without naming an endorsee, making it payable to bearer. Additionally, the concept of percentage change in asset value is related to return on investment (ROR).

1. Restrictive Endorsement of Bills of Exchange is when: The payee specifies the name of the
endorsee and writes "only" at the end, for example, "Pay X Y Z Bank Limited only". It prevents
further endorsement of the bill. The payee states a condition that has to be fulfilled before
negotiation, for example "Pay X Y Z Bank Limited after arrival of goods". The payee simply
signs his name on the reverse of the bill without stating the name of any particular endorsee. The
cheque becomes payable to bearer. The payee, on signing his name, specifies the endorsee. The
endorsee can either collect the proceeds of the bill or sign his own name, that is, blank endorse
the bill, to make it payable to bearer. Question 58 (2 points) The percentage change in the value
of an asset over some period is called Risk Liquidity Return on Investment (ROR) Exchange
Rate