Use of indorser in Sentences. 7 Examples
The examples include indorser at the start of sentence, indorser at the end of sentence and indorser in the middle of sentence
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indorser in the middle of sentence
- If not formally suggest that the drawer and indorser liability should be lifted.
- The simple signature of the indorser on the bill, without additional words, is sufficient.
- If the drawer or indorser is bankrupt, a refund may notice issued to the parties or the trustee himself.
- In this case, any sign of the party being wiped clean with a recourse liability of the indorser can be lifted.
- The indorser of a bill, by indorsing it engages that, on due presentment, it shall be accepted and paid according to its tenor.
- In such case, any indorser who would have had a right of recourse against the party whose signature is cancelled is also discharged.
- A restrictive indorsement gives the indorsee the right to receive payment of the bill and to sue any party thereto that his indorser could have sued.
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