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Charge against Profits

A person who ...

Question

A person who endorses the promissory note in favour of another is known as Endorser.

A

True

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B

False

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Solution

The correct option is A True
Endorser is a person who endorses the promissory notes while endorsee is the person to whom promissory note is transferred by endorsement.

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Q.
Transfer of a negotiable instrument to another person by signing on it, is known as Endorsement.

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