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Section 16 - Endorsement in blank and in full endorsee : Negotiable Instruments Act 1881

 

 

What is Endorsement in blank and in full endorsee? Endorsement in blank and in full endorsee is defined under Section 16 of Negotiable Instruments Act 1881

Section 16 of Negotiable Instruments Act 1881: "Endorsement in blank and in full endorsee"

(1) If the endorser signs his name only, the endorsement is said to be "in blank", and if he adds a direction to pay the amount mentioned in the instrument to, or to the order of, a specified person, the endorsement is said to be "in full", and the person so specified is called the "endorsee" of the instrument.

 

(2) The provisions of this Act relating to a payee shall apply with the necessary modifications to an endorsee.

 

Negotiable Instruments Act 1881

CHAPTER II NOTES, BILLS AND CHEQUES

Section 4 - Promissory Note

Section 5 - Bill of exchange

Section 6 - Cheque

Section 7 - Drawer, Drawee

 

 

Section 8 - Holder

Section 9 - Holder in Due Course

Section 10 - Payment in due Course

Section 11 - Inland Instrument

Section 12 - Foreign Instrument

 

 

Section 13 - Negotiable Instrument

Section 14 - Negotiation

Section 15 - Endorsement

Section 16 - Endorsement in blank and in full endorsee

 

 

Section 17 - Ambiguous instruments

Section 18 - Where amount is stated differently in figures and words

Section 19 - Instruments payable on demand

Section 20 - Inchoate stamped instruments

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