|
ALLONGE (from Fr. allonger, to draw out) , a slip of paper affixed to a negotiable instrument, as aSee also: bill of See also: exchange, for the purpose of receiving additional indorsements for which there may not be sufficient space on the bill itself
.
An indorsement written on the allonge is deemed to be written on the bill itself
.
An allonge is more usually met with in those countries where the See also: Code See also: Napoleon is in force, as the code requires every indorsement to express the consideration
.
Under See also: English See also: law, as the See also: simple signature of the indorser on the bill, without additional words, is sufficient to operate as a negotiation, an allonge is seldom necessary
.
|
|
|
[back] HENRY ALLON (1818-1892) |
[next] ALLOPHANE |
There are no comments yet for this article.
Do not copy, download, transfer, or otherwise replicate the site content in whole or in part.
Links to articles and home page are encouraged.