The legal effects of striking off the endorsement in the commercial paper

Abstract

Commercial papers in general play a prominent role in supporting commercial activity, and perhaps the issue of the legal implications of canceling endorsement in the commercial paper is one of the important topics, since delisting in general leads to the lack of legal value of the bond or diminishing that value, and the paper because it is a fulfillment tool and its most important characteristics is its ability to trade and this write-off It may lead to this feature, but this cannot be implemented in the commercial paper for the individual legislator of commercial papers with special legal provisions for delisting, as deleting the endorsement may have important legal implications when endorsing the commercial paper and the consequent exit of the appearance from the warranty circle When his endorsement is written off, or the consequences of deleting the final appearance for its endorsement and subsequent endorsements, as it becomes a legal bearer of the paper and has what legal holder of the paper and has the same rights as the legal holder, or that makes the commercial paper not subject to endorsement .