Home | ARTS | Business Environment and Law | Endorsement/Indorsement- Negotiable Instruments Act, 1881

Business Environment and Law-The Negotiable Instruments Act, 1881

Endorsement/Indorsement- Negotiable Instruments Act, 1881

   Posted On :  08.05.2018 06:04 am

Endorsement/Indorsement- Negotiable Instruments Act, 1881

Endorsement/Indorsement


1. It must be written on the instrument itself and be signed by the indorser.

2. The endorsement must be of the entire instrument.

3. Where in a negotiable instrument payable to order, the payee or endorsee is wrongly designated or his name is mis-spelt, he should sign the instrument in the same manner as given in the instrument.

4. Where there are two or more endorsements on an instrument, each endorsement is deemed to have been made in the order in which it appears on the instrument, until contrary is proved.

5. An endorsement may be blank or full. It may also be restrictive.

 

 

Tags : Business Environment and Law-The Negotiable Instruments Act, 1881
Last 30 days 8 views

OTHER SUGEST TOPIC