Section 16 - Endorsement in blank and in full endorsee : Negotiable Instruments Act 1881

What is Endorsement in blank and in full endorsee? Endorsement in blank and in full endorsee is defined under Section 16 of Negotiable Instruments Act 1881

 

 

Section 16 of Negotiable Instruments Act 1881: "Endorsement in blank and in full endorsee"

(1) If the endorser signs his name only, the endorsement is said to be "in blank", and if he adds a direction to pay the amount mentioned in the instrument to, or to the order of, a specified person, the endorsement is said to be "in full", and the person so specified is called the "endorsee" of the instrument.

(2) The provisions of this Act relating to a payee shall apply with the necessary modifications to an endorsee.