1.

What are the requisites for a valid endorsement?

Answer»
  • If an endorsement is to be valid, it must possess the following requisites:
  • Endorsement is to be made on the face of the instrument or on its back.
  • When there is no space for making further endorsements a piece of paper can be attached
  • Endorsement for only a part of the amount of the instrument is invalid.
  • Endorsement is complete only when delivery of the instrument is made.
  • Signing in block letters does not constitute regular endorsement.
  • If the payee is an illiterate person, he can endorse it by affixing his thumb impression on the instrument.


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