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ruined
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1. Endorsement of Instruments
- It is the act of a person who is a holder of a negotiable instrument in signing his or her name on the back of that instrument, thereby transferring title or ownership.
- It may be in favor of another individual or legal entity.
- It provides a transfer of the property to that other individual or legal entity.
- The person to whom the instrument is endorsed is called the endorsee.
- The person making the endorsement is the endorser.
2.
- The sentence is not a promissory note.
- Promissory note is an instrument in writing which contains an unconditional undertaking, signed by the maker, to pay a certain sum of money only to, or to the order of, a certain person, or to the bearer of the instrument.
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