Acts of Bill of Exchange.pptVIP

?1) Issue（出票） – To issue a draft = To draw a B/E – Act of issue comprises two acts to be performed by the drawer. One act is to draw and sign a draft, the other is to deliver it to the payee. Acts of Bill of Exchange Drawer Payee Draw and sign Delivery ? 2) Endorsement （背书） Endorsement is the signature of the endorser made on the back of bill of exchange. – The aim of the endorsement is to transfer the draft from one person to another. – Endorsement comprises two acts. One is to sign on the back of the draft, the other is to deliver it to the endorsee. – Must be made for the whole amou