Endorsement means transfer of title of the bill from debtor to creditor. (State True or False)
Answers
Answered by
0
true may this answer will help you
Answered by
1
Answer:
TRUE.
Explanation:
Endorsement is the transfer of title of the Bill in the name of another person. This person may be a creditor of the original holder of the bill. The original holder may have debts with this person and endorsement is a way of clearing his debts with his creditors.
The original holder of the Bill is called the ‘endorser’ and the person in whose name it is transferred to is referred to as ‘endorsee’.
Similar questions