In the process of cheque transfer, the person who transfers the cheque should sign (or seal) on the back of the cheque, which is called endorsement. The endorser will be responsible for the repayment of this check to a certain extent, similar to guarantee, and then extended to guarantee and guarantee.
Extended data:
According to the provisions of article 16 and article 40, paragraph 3 of the Geneva Uniform Law on Bills of Exchange and Promissory Notes, the person who owns the bill and can prove that the endorsement on the bill is uninterrupted is regarded as the legal holder. Related to this, the review of the continuity of endorsement, but not responsible for determining the authenticity of the endorser's signature, constitutes all the obligations of the payer, who pays the person with continuous endorsement on the bill, so there are three main points in common law:
First, the process of obtaining a bill by continuous endorsement itself does not give the holder a complete bill right. Only the person who obtains the bill from the transferor of the bill right is the person who enjoys the bill right according to law, and all the holders who appear after the false and untrue endorsement are not the bill right holders.
Second, the payer pays the holder after false and untrue endorsement, which does not exempt him from the legal obligation to pay the holder of the original bill (that is, the loser) again;
Third, the holder of a false and untrue endorsement cannot pursue the original holder. In view of the differences in historical evolution and legal concepts, although there are differences in the "substantive rules" for determining the continuity of endorsement of bills, as far as the logical structure of legal technical methods is concerned, the adjustment mechanisms of self-sufficiency rules of the two legal systems are not in conflict.
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