[Home] [Databases] [World Law] [Search] [Feedback]
	Northern Irish Legislation
You are here:  BAILII >> Databases >> Northern Irish Legislation >> BILLS OF EXCHANGE ACT 1882

[Index] [Table] [Search] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

BILLS OF EXCHANGE ACT 1882 - SECT 32

Requisites of a valid indorsement.

32. An indorsement in order to operate as a negotiation must comply with the
following conditions, namely,

(1)It must be written on the bill itself and be signed by the indorser. The
simple signature of the indorser on the bill, without additional words, is
sufficient.

An indorsement written on an allonge, or on a "copy" of a bill issued or
negotiated in a country where "copies" are recognised, is deemed to be written
on the bill itself.

(2)It must be an indorsement of the entire bill. A partial indorsement, that
is to say, an indorsement which purports to transfer to the indorsee a part
only of the amount payable, or which purports to transfer the bill to two or
more indorsees severally, does not operate as a negotiation of the bill.

(3)Where a bill is payable to the order of two or more payees or indorsees who
are not partners all must indorse, unless the one indorsing has authority to
indorse for the others.

(4)Where, in a bill payable to order, the payee or indorsee is wrongly
designated, or his name is mis-spelt, he may indorse the bill as therein
described, adding, if he think fit, his proper signature.

(5)Where there are two or more indorsements on a bill, each indorsement is
deemed to have been made in the order in which it appears on the bill, until
the contrary is proved.

(6)An indorsement may be made in blank or special. It may also contain terms
making it restrictive.

© 1882 Crown Copyright

BAILII: Copyright Policy | Disclaimers | Privacy Policy | Feedback
URL: http://www.bailii.org/nie/legis/num_act/boea1882148/s32.html