Endorsement {sec 15}
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 sign for the same purpose a stamped paper intended to be completed as a negotiable instrument
*he is said to endorse the same, and is called the ‘Endorse’.
The person in whose favour the endorsement made is called ‘Endorsee’.
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