then the drawee.
The endorsement involves two people: the guarantor, which is providing the guarantee, and guaranteed, that is to persoa that accompanied.
14. Endorsement: if the policy of the letter will not or can not undertake its recovery, may assign the letter to another person by endorsement, with all rights arising. The endorsement involves the indorser or assignor and the endorsee or buyer.
15. Space for other statements cambiaras: here you can make successive endorsements or guarantees.
CHECK:
The checks are documents containing an order to pay a certain amount of money.
Check: Credit document whereby the holder of a bank account gives a payment to the bank of all or a portion of the funds you have available in that account. All signatories are bound in solidarity.
PERSONS INVOLVED IN CHECK:
- Book, is the bank or credit institution has to pay the check presentation from the funds of the drawer.
- Maker, is the person who has the funds in the account, you must show your handwritten signature on the check.
- Policyholder is the person that needs to receive the check.
WAYS OF MAKING A CHECK:
-Bearer, payable to the person presenting it for payment, the policyholder is the owner of the check, which is transmitted with the mere delivery.
- Nominative, are issued for a specific person, which is to be charged.
- To order, are those that indicate a specific person with a clause, can be transmitted by means of endorsement.
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