A party who endorses a bill of exchange (e.g., a cheque) to enable another to negotiate it may not be held liable on the bill, even though no consideration was given as a result of the endorsement.

Question

Quizplus · Accepted Answer

When a party endorses a bill of exchange, such as a cheque, they potentially become liable to subsequent holders if the primary party fails to pay, regardless of whether consideration was given for the endorsement.

A Party Who Endorses a Bill of Exchange (E