1 The indorser of a bill, by indorsing it engages that, on due presentment, it shall be accepted and paid according to its tenor.

2 The simple signature of the indorser on the bill, without additional words, is sufficient.

3 If the bill as a non-drawer, acceptor or indorser signature of the party's share has, until the contrary is proved, be presumed that the person on grounds of effective and unconditional delivery.

4 If the drawer or indorser is bankrupt, a refund may notice issued to the parties or the trustee himself.

5 In such case, any indorser who would have had a right of recourse against the party whose signature is cancelled is also discharged.

6 If not formally suggest that the drawer and indorser liability should be lifted.

7 If the bill is received by the drawer or indorser to retain acceptance of the notice within a reasonable time without ticket holders did not agree shall be deemed to have agreed to retain acceptance.

8 A restrictive indorsement gives the indorsee the right to receive payment of the bill and to sue any party thereto that his indorser could have sued.

9 In this case, any sign of the party being wiped clean with a recourse liability of the indorser can be lifted.

10 Where a bill is no longer in the possession of a party who has signed it as drawer, acceptor, or indorser, a valid and unconditional delivery by him is presumed until the contrary is proved.

11 Presentment for payment is necessary in order to render the indorser of a note liable.