Question

Write a short note on:

Endorsement of a bill

Answer 1

Endorsement of a bill:

1. Endorsement means signing on the face or back of a bill for the purpose of transferring the title of the bill to another person.
2. The person who endorses is called the “Endorser”.
3. The person to whom a bill is endorsed is called the “Endorsee”.
4. The endorsee is entitled to collect the money.