Article 5 of People's Republic of China (PRC)'s Negotiable Instruments Law stipulates: "Anyone who signs a bill shall bear the responsibility according to the meaning contained in the bill. If two or more people have the same signature, they shall be jointly and severally liable. " ;
Article 4 of People's Republic of China (PRC)'s Negotiable Instruments Law: "When making a bill, the drawer of the bill shall sign the bill according to the legal conditions and bear the bill liability according to the recorded items." The negotiable instruments stipulated in the negotiable instruments law are "bills of exchange, promissory notes and checks".
Main endorsement methods
1. Limited endorsement. That is, non-negotiable endorsement. Refers to the text of the indorser's instruction to limit payment to the indorsee. Some qualified endorsements stipulate that a bill of exchange is only delivered once, and the transferee can only use the bill himself without the right to transfer it again.
If the endorser signs the back of the bill, indicating "only ××× (name of the endorsee)" or "payment to ××× (name of the endorsee) is not transferable". Others give some additional conditions, "when xxx, pay xxx (endorser's name)." When the conditions are met, the endorsement is established. Some endorsers declare that the holder can only deposit the bill in the bank and cannot use it for other purposes.
Second, specific endorsement. Also known as registered endorsement, this endorsement not only has the transferor's signature, but also indicates who the transferee is, but it does not have the words "only paid" and "non-negotiable". If the endorser signs on the back of the bill, it should be marked "payable to ××× (name of the endorsee) designated person" and so on. Bills so endorsed can be paid by endorsement for many times in a row, transferred for many times, and even transferred indefinitely in the market.
3. Blank endorsement. Also known as bearer endorsement, that is, the endorser only signs the bill and does not write it to someone, that is, there is no endorsee. A bill of exchange endorsed in blank is transferred by delivery. That is, after the first transferor with blank endorsement has endorsed and signed, it can circulate in the market for many times until the last beneficiary, and it is not necessary to indicate other transferor and transferee in the circulation process on the back of the bill.
Extended data:
Political support
In politics, the word endorsement is used to express a promise to someone or something to improve the credibility of things. This word comes from financial terminology, which originally means to sign on the back of a check to indicate payment, collection or consent to transfer.
Its derivative meaning is commonly used in Taiwan Province Province, expressing approval and support. Agreeing with someone means expressing approval and support for someone's words. Now it is said on the Internet that Party A (group) fully supports, supports or obeys Party B (group) in a certain matter, and sometimes it is said that Party A "endorses" for Party B. ..
In China, its derivative meaning is not commonly used. In democratic elections, "endorsement" is often used to mean that a relatively promising politician publicly supports a candidate in the hope that the "endorser" will temporarily borrow his political resources during the election process.
References:
Baidu encyclopedia-endorsement