Requisites of a valid endorsement

(1) An endorsement, in order to operate as a negotiation, must comply with the following conditions, namely, 23 (a) it must be written on the bill itself and be signed by the endorser; (b) the simple signature of the endorser on the bill without additional words is sufficient; (c) an endorsement written on an alleged, 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; (d) it must be an endorsement of the entire bill; (e) a partial endorsement, that is to say, an endorsement which purports to transfer to the endorsee a part only of the amount payable, or which purports to transfer the bill to two or more endorsees severally, does not operate as a negotiation of the bill. (2) Where a bill is payable to the order of two or more payees or endorsees who are not partners, all must indorse, unless the one indorsing has authority to indorse for the others. (3) Where, in a bill payable to order, the payee or endorsee is wrongly designated, or his name is misspelt, he may indorse the bill as therein described, adding, if he thinks fit, his proper (4) Where there are two or more endorsements on a bill, each endorsement is deemed to have been made in the order in which it appears on the bill, until the contrary is proved. (5) An endorsement may be made in blank or special, and it may also contain terms making it restrictive.