liabilities in the event of forged indorsements
on an instrument); id.
(143) Plaintiff-lenders fulfilled the requirements to succeed on their summary judgment motion: they had possession of the mortgage, "the note that, by allonge, contained an indorsement
specifically payable to it," and an affidavit that was sufficient to show plaintiff-lender had "physical possession as holder of the note" at the time the action was commenced.
Somewhat paradoxically, the indorsement
requirement increased the acceptability of debt instruments in exchange by limiting the finality of their transfer.
Although the White Cross was not campaigning in San Francisco and had no request pending, the Indorsement
Council withdrew its support just as the Los Angeles Commission began hearings.(50) The gratuitous quality of this action strongly suggests a political motive, and one suspects the intervention of Sanborn Young.
(20.) Under the Uniform Commercial Code, a bank that accepts a check for deposit warrants to the drawee bank that all indorsements
on the check are genuine, and the bank is liable to the drawee bank for the amount of the check plus expenses and lost interest if an indorsement
on the check was forged.
Buchanan was elected, and the indorsement
, such as it was, secured.
himself issued the requisite indorsement
letters and similar documentation addressed to the DA and NABCOR, acts which were necessary to ensure that the chosen NGO would be awarded the project,' the Ombudsman said.
requirement invokes a UCC Article 3 transfer by negotiation.
Guidelines set out by the Advertising Standards Authority mean any ads, including celebrity indorsement
, must be obviously identifiable, and they recommend that celebs add a #spon or #ad to make it clear.
After examining the reason of the rule and a number of English cases addressing it, Chief Justice Marshall concluded that "[i]n point of reason, justice, and the nature of the undertaking, there is no case in which the indorser is better entitled to demand strict notice than in the case of an indorsement
for accommodation." Id.
When the assignee is specifically identified, the indorsement
is called a special indorsement
, and the note becomes payable to the indorsee.
(26.) Letter, AAF TTC to CG, HQ AAF (Attn: AFRIT), Subject: Weather Officers (Colored), 26 Feb 42 [apparently a typo; the outgoing date/time-stamp reads 27 Feb 1943] with 1st Indorsement
to CG AAF TTC, 7 Apr 1943, Consolidated File, 220.765-3, IRIS 146003, AFHRA.