A cheque made payable to a specific person with or without the explicit comment “to order” may be transferred by endorsement.
A cheque made payable to a specific person with or without the explicit comment “not to order” or with a comment to that effect may be transferred only subject to the formal requirements and with the effects of a normal assignment.
The endorsement may also be made out to the drawer or to any other party liable for it. Such persons may endorse the cheque further.
0 commentaries
No commentaries are available for this article yet.
Continue your research in ChatGPT or Claude
Connect Omnilex to search the legal corpus from your AI assistant.