endorsement of B/R
This query is : Resolved
Vishnu Agarwal
(Querist)
28 July 2008
What is the meaning of endorsed bill & When it is endorsed & to whom ,by it which paty gets affected.
What is the meaning of endorsed bill & When it is endorsed & to whom ,by it which paty gets affected.
Vishnu Agarwal
(Querist)
28 July 2008
Reply as early as possible.
Reply as early as possible.
28 July 2008
Endorsement is the process of giving of instructions to pay the amount of funds involved in the instrument to the person in whose favour it is endorsed. By such endorsement the payee gets changed while the drawee and drawer remain the same.
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