Question

In the event of a misspelled name, how may the holder endorse the document?

Answer 1

In the event of a misspelled name, the holder may endorse the instrument in the name written in the instrument. It is allowed to have the instrument be indorsed in the name provided in the instrument provided that he acted in good faith. The holder may also endorse the instrument using the correct name of the endorsee if he would have known the correct name of the endorsee. Both of these ways of endorsement are allowed in the law. This does not prejudice the right of the holder since he can still endorse the instrument. Failure of the holder to know the correct name of the endorsee does not also constitute negligence in his part.