- indorser's liability
- The liability incurred by the endorsement of a negotiable instrument. 11 Am J2d B & N §§ 598 et seq.
Ballentine's law dictionary. Anderson, W.S.. 1998.
indorser's liability
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liability — The word is a broad legal term. Mayfield v. First Nat. Bank of Chattanooga, Tenn., C.C.A.Tenn., 137 F.2d 1013, 1019. It has been referred to as of the most comprehensive significance, including almost every character of hazard or responsibility,… … Black's law dictionary
liability — The word is a broad legal term. Mayfield v. First Nat. Bank of Chattanooga, Tenn., C.C.A.Tenn., 137 F.2d 1013, 1019. It has been referred to as of the most comprehensive significance, including almost every character of hazard or responsibility,… … Black's law dictionary
primary liability — The liability of the person who, by the terms of the instrument of obligation, is absolutely required to pay the same. 11 Am J2d B & N § 525. The liability of a maker or principal, as distinguished from that of a guarantor, indorser, or other… … Ballentine's law dictionary
indorsement with enlarged liability — An indorsement of a bill or negotiable instrument with the written words demand, notice, and protest waived, and payment guaranteed, appearing above the signature of the indorser. Buck v Davenport Sav. Bank, 29 Neb 407 … Ballentine's law dictionary
Recourse — Re*course (r?*k?rs ), n. [F. recours, L. recursus a running back, return, fr. recurrere, recursum, to run back. See {Recur}.] 1. A coursing back, or coursing again, along the line of a previous coursing; renewed course; return; retreat; recurence … The Collaborative International Dictionary of English
Without recourse — Recourse Re*course (r?*k?rs ), n. [F. recours, L. recursus a running back, return, fr. recurrere, recursum, to run back. See {Recur}.] 1. A coursing back, or coursing again, along the line of a previous coursing; renewed course; return; retreat;… … The Collaborative International Dictionary of English
without recourse — A form of qualified indorsement, exonerating the indorser from liability as such. Bank of St. Albans v Gilliland (NY) 23 Wend 311. Words used or directly implied by an assignor to negative any guaranty of the assigned obligation. 6 Am J2d Assign… … Ballentine's law dictionary
indorsement — /andorsmant/ The act of a payee, drawee, accommodation indorser, or holder of a bill, note, check, or other negotiable instrument, in writing his name upon the back of the same, with or without further or qualifying words, whereby the property in … Black's law dictionary
indorsement — /andorsmant/ The act of a payee, drawee, accommodation indorser, or holder of a bill, note, check, or other negotiable instrument, in writing his name upon the back of the same, with or without further or qualifying words, whereby the property in … Black's law dictionary
protest — A formal declaration made by a person interested or concerned in some act about to be done, or already performed, whereby he expresses his dissent or disapproval, or affirms the act against his will. The object of such a declaration is generally… … Black's law dictionary
