Question

Kinds of Negotiable Instruments
____ is the person to whom the bill is endorsed.

• A. Endorsee
• B. Drawer
• C. Payee
• D. Endorser

Answer 1

Answer: (A)

Endorsee

As per section 15 of the act, when the maker or holder of a negotiable instrument signs the same, otherwise than as such maker, for the purpose of negotiation, on the back or face thereof or on a slip of paper annexed thereto, or so signs for the same purpose a stamped paper intended to be completed as a negotiable instrument, he is said to endorse the same, and is called the endorser and the person to whom it is endorsed is known as endorsee.