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NI Act Part 4

NI Act Part 4

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Published by svelineni

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Published by: svelineni on Dec 15, 2008
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06/17/2009

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12/14/08NI Act - Part 41
WELCOME TO
NEGOTIABLE INSTRUMENTS ACT1881PART 4
 
12/14/08NI Act - Part 42
Effect of Endorsement
 The endorsement of a negotiableinstrument followed by delivery transfers tothe endorsee the property therein with theright of further negotiation;[but the endorsement may, by expresswords, restrict or exclude such right, or maymerely constitute the endorsee an agent toindorse the instrument,or to receive its contents for the indorser,or for some other specified person] 
 
12/14/08NI Act - Part 43
Effect of Endorsement
 Illustrations
 B signs the following endorsements on differentnegotiable instruments payable to bearer:- (a) "Pay the contents to C only".(b) "Pay C for my use."(c) "Pay C or order for the account of B".(d) "The within must be credited to C".  These endorsements exclude the right of furthernegotiation by C.

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/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->