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Question
Kinds of Negotiable Instruments
When the holder endorses the bill to anyone else he becomes the -.
Kinds of Negotiable Instruments
When the holder endorses the bill to anyone else he becomes the -.
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Solution
The correct option is D Endorser
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.
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.
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