Home / Knowledge Base / A writes his name on the back of a bill of exchange. As the effect of his endorsement is to transfer the right to the bill to any person who may become the lawful holder of it, the endorsement is?

A writes his name on the back of a bill of exchange. As the effect of his endorsement is to transfer the right to the bill to any person who may become the lawful holder of it, the endorsement is?

A. A valuable security
B. A Contract
C. An agreement

Right Answer: A valuable security

January 8, 2018   Asghar Khan    Law  
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