Endorsement in bills of exchange and legal consequences

Bills of exchange, which are very important in terms of national and international trade, do not only contain a foreign exchange commitment on the part of the issuer and the beneficiary, but it is possible for these bills, which have the ability to circulate, to be subject to transfer. At this point, it is essential to transfer bills of exchange, which are legally promissory notes, through endorsement, and in some cases, they can be transferred to someone else within the scope of assignment of receivables or inheritance, companies, transfer as required by law, or enforcement and bankruptcy law. In order for the bill of exchange to be acquired by endorsement, it is also necessary to transfer the possession of the bill. Therefore, the person who is the authorized holder of the document in terms of substantive law must also be the owner of the document in formal terms. In addition, during the endorsement process, it is essential to acquire the deed and acquire all rights arising from the deed by complying with the transfer procedure without any terms or conditions. However, if the bill is acquired for collection or pledge purposes, since the endorsement does not have an assignment function, it is not possible to acquire the receivable to someone else through an assignment endorsement.