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CCP504 (B)
CCP504 (B)
CCP504 (B)
ANDHRA PRADESH
Name : P. Samba Murthy
Designation : Head of Department
Branch : D.C.C.P.
Institute : S.R.R.S. Govt. Polytechnic, Sircilla,
Karimnagar District
Year/Semester : V Semester
Subject : Banking – I
Subject Code : CCP- 504(B)
Topic : Negotiable Instrument Act.
Duration : 50 Minutes
Sub-Topic : Definition of Endorsement
Teaching Aids : PPT
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Objectives
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Recap
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Essentials of valid endorsements/Rules
regarding endorsement are as under
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Valid Endorsement
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Valid Endorsement
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Valid Endorsement
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Valid Endorsement
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Valid Endorsement
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Summary
The payee must sign his name in the exact
spellings as appearing on the negotiable
instrument.
Endorsements in pencil or by a rubber stamp are
usually not accepted.
An illiterate man can make a valid endorsement
by putting his left hand thumb impression in the
presence of certain other person who should sign
it as witness and whose address should also be
given.
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Quiz
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Frequently asked questions
1. What is an endorsement?
2. Define the term ‘endorsement’. Explain the
requisite of a valid endorsment.
3. Describe with illustrations of various types of
endorsements.
4. Describe the essentials of a valid endorsement.
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