served to limit the scope for buyer-side fraud, that is, fraud that would result from a buyer passing on a low-quality or forged debt instrument to a seller.
This means that even if the indorsement
and delivery did not occur, the trust would still have standing to foreclose.
1894) (failure of indorsee to produce original note as proof of indorsement
required reversal); Perry v.
of Alcoa comes from concurring Justice Harshbarger.
Registration systems are frequently used for other types of readily traded debt instruments because of concerns such as problems of lost or forged instruments, the costs of physical delivery and indorsement
, and interest in reducing litigation by clarifying rights.
This would include an assignee from the holder who for some reason did not become a holder, perhaps because it did not receive a proper indorsement
Maj Roka Pamperien, Chief, Plans and Operations Office, Aircraft and Equipment Division to The Deputy Inspector General for Technical Inspection and Flight Safety Research, Norton Air Force Base, San Bernardino, California, 1st Indorsement
, 15 Sep 1952 in O'Brien Accident Report, 21 May 1952.
Baraan, who is the supervising undersecretary for BuCor, issued the indorsement
following a letter from the Office of Chief Justice Maria Lourdes Sereno requesting the DOJ to look into the allegations of the inmate that his wife was raped by prison guards and other inmates.
206) Gordon, supra note 194, at 81 (citing 1st Indorsement
, AEAJA-IA, subject: Concept of the "Ordinarily Resident" Provision (Paragraph 16, Article I, NATO SOFA) (2 Mar.
99) First, prior to taking action on the case, the convening authority signed an indorsement
to the SJA recommendation stating that he was "neither involved in the writing of, nor has my action been influenced in any way by the newspaper article" at issue.
30am for the TRANSFER to the Applicant of the ordinary Seven Day Publican's Licence attached to the premises known as "The Halfway House" and situate at Smithstown, Ballinlough, Crossakiel, County Meath in the court area and district aforesaid and heretofore licensed in the name of Adrian McGrane as nominee of Spicer Sales Ltd AND FURTHER TAKE NOTICE that Application will be made at the same time in accordance with the provisions of section 30 of the Intoxicating Liquor Act, 1927 for transfer of the said Licence freed and discharged from any indorsements
against, or records of offences committed by the former Licensee.
The performance of this promise cannot be enforced, for the reason that the promise relates to indorsements
which he is under no obligation to place, and the performance of it is left entirely to his own judgment.