Question

The Process of transferring the title of bill from the drawer or holder to their creditors, is known as

• A. Dishonour of Bill
• B. Endorsement of Bill
• C. Discounting of Bill
• D. Noting of Bill

Answer 1

Answer: (B)

Endorsement of Bill

Endorsement of a bill means the Process of transferring the title of bill from the drawer or holder to their creditors.
The person transferring the title is called Endorserand the person to whom the bill is transferred called 'Endorsee'. The endorsee can further endorse the bill in favour of his creditors.
Endorsement is executed by putting the signature at the back of the bill.