Article 1509
ELI5— what this means for you
A negotiable document of title may be negotiated by the indorsement of the person to whose order the goods are by the terms of the document deliverable.
Official text — RA 386
A negotiable document of title may be negotiated by the indorsement of the person to whose order the goods are by the terms of the document deliverable. Such indorsement may be in blank, to bearer or to a specified person. If indorsed to a specified person, it may be again negotiated by the indorsement of such person in blank, to bearer or to another specified person. Subsequent negotiations may be made in like manner. (n)
Source: lawphil.net (RA 386 as amended)
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