Closely related to the legal rules that regulate the different aspects and effects of endorsement is the question of capacity to endorse bills of exchange. This forms part of negotiatory capacity in general, which, in a broad sense, may be defined as the faculty of a person to acquire rights and to assume obligations on negotiable instruments.
Luis M. Ramirez B.,
CAPACITY UNDER THE NEGOTIABLE INSTRUMENTS LAWS OF THE AMERICAS: A COMPARATIVE STUDY,
Mich. L. Rev.
Available at: https://repository.law.umich.edu/mlr/vol43/iss3/6