Friday, March 17, 2006

Difficulty in negotiating!

I yearn for a simpler world when I read such things: "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 have endorsed the same and is called the endorser."

This is Section 15 of the Negotiable Instruments Act defining 'endorsement'.

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