BILLS OF EXCHANGE.
No. 3 of 1885.
301
out additional words, is sufficient. An indorsement written on a copy of a bill issued or negotiated in a country where "copies" are recognised, is deemed to be written on the allonge, or 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 thinks fit, his proper signature;
(5) where there are two or more indorsements on a bill, each indorsement is deemed to have been 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.
33. Where a bill purports to be indorsed conditionally, the condition may be disregarded by the payer, and payment to the indorsee is valid whether the condition has been fulfilled or not.
34.-(1) An indorsement in blank specifies no indorsee, and a bill so indorsed becomes payable to bearer.
(2) A special indorsement specifies the person to whom, or to whose order, the bill is to be payable.
(3) The provisions of this Ordinance relating to a payee apply, with the necessary modifications, to an indorsee under a special indorsement.
(4) When a bill has been indorsed in blank, any holder may convert the blank indorsement into a special indorsement by writing above the indorser's signature a direction to pay the bill to or to the order of himself or some other person.
in blank and special indorsement.
indorsement.
35.-(1) An indorsement is restrictive which prohibits the further negotiation of the bill or which expresses that it is a mere authority to deal with the bill as thereby directed and not a transfer of the ...
BILLS OF EXCHANGE.
No. 3 of 1885.
301
out additional words, is sufficient. An indorsement written on an copy of a bill issued or negotiated in a country are recognised, is deemed to be written on the
allonge, or on a where "copies 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 oue 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 thinks fit, his proper signature;
(5) where there are two or more indorsements on a bill, each indorsement is deemed to have been 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.
33. Where a bill purports to be indorsed conditionally, the condi- Conditional tion may be disregarded by the payer, and payment to the indorsee indorsement. is valid whether the condition has been fulfilled or not.
34.-(1) An indorsement in blank specifies no indorsee, and a Indorsement bill so indorsed becomes payable to bearer..
(2) A special indorsement specifies the person to whom, or to whose order, the bill is to be payable.
(3) The provisions of this Ordinance relating to a payee apply, with the necessary modifications, to an indorsee under a special indorsement.
(4) When a bill has been indorsed in blank, any holder may convert the blank indorsement into a special indorsement by writing above the indorser's signature a direction to pay the bill to or to the order of himself or some other person.
in blank and special indorsement.
indorsement.
35.-(1) An indorsement is restrictive which prohibits the further Restrictive negotiation of the bill or which expresses that it is a mere authority to deal with the bill as thereby directed and not a transfer of the
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