Negotiable Instruments Act 1881 | Endorsement | Business Laws | Study at Home with me

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A Negotiable Instrument means a promissory note, bill of exchange or cheque payable either to order or to bearer. ... A negotiable instrument may be made payable to two or more payees jointly, or it may be made payable in the alternative to one of two, or one or -some of several payees.

Endorsement of Instruments. The act of a person who is a holder of a negotiable instrument in signing his or her name on the back of that instrument, thereby transferring title or ownership is an endorsement. An endorsement may be in favor of another individual or legal entity.


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