After an indorsement in blank is followed by an indorsement in full, who may claim the amount from that…
Section 55 of the Negotiable Instruments Act restricts recovery "from the indorser in full" to the named indorsee or one deriving title through him. It does not extinguish a…
Choose your answer
After an indorsement in blank is followed by an indorsement in full, who may claim the amount from that indorser in full under section 55 of the Negotiable Instruments Act, 1881?
Answer and explanation
Correct answer C
Section 55 of the Negotiable Instruments Act restricts recovery "from the indorser in full" to the named indorsee or one deriving title through him. It does not extinguish a bearer’s rights against earlier parties, so a full indorsement after a blank one must not be treated as removing bearer status for every purpose.
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