Indorsement in United States
Indorsement Definition
In Commercial Law. That which is written on the back of an instrument in writing, and which has relation to it. Writing one’s name on the back , of a promissory note or other negotiable instrument 20 Vt. 499. An indorsement is generally made primarily for the purpose of transferring the rights of the holder of the instrument to some other person. It has, however, various results, such as rendering the indorser liable in certain events; and hence an indorsement is sometimes made merely for the purpose of additional security. This is called an “accommodation’ indorsement” when done without consideration other than an exchange of indorsements. See “Accommodation.”
(1) A blank indorsement is one in which the name of the indorser only is written upon the instrument. It is commonly made by writing the name of the indorser on the back (13 Serg. & R. [Pa.] 315), but a writing across the face may answer the same purpose (18 Pick. [Mass.] 63; 16 East, 12).
(2) An indorsement in full is one in which mention is made of the name of the indorsee. Chit. Bills, 170.
(3) A conditional indorsement is one made subject to some condition without the performance of which the instrument will not be or remain valid. 4 Taunt. 30.
(4) A qualified indorsement is one which restrains, or limits, or qualifies, or enlarges the liability of the indorser, in any manner different from what the law generally imports as his true liability, deducible from the nature of the instrument. Chit. Bills (8th Ed.) 261; 7 Taunt. 160. The words commonly used are sans recours, without recourse. 3 Mass. 225; 12 Mass. 14.
(5) A restrictive indorsement is one which restrains the negotiability of the instrument to a particular person, or for a particular purpose. 1 Rob. (La.) 222. In Criminal Law. An entry made upon the back of a writ or warrant. When a warrant for the arrest of a person charged with a crime has been issued by a justice of the peace of one county, which is to be executed in another county, it is necessary, in some states, that it should be indorsed by a justice of the county where it is to be executed. This indorsement is called “backing.”
Indorsement in Foreign Legal Encyclopedias
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Indorsement | Indorsement in the World Legal Encyclopedia. |
Indorsement | Indorsement in the European Legal Encyclopedia. |
Indorsement | Indorsement in the Asian Legal Encyclopedia. |
Indorsement | Indorsement in the UK Legal Encyclopedia. |
Indorsement | Indorsement in the Australian Legal Encyclopedia. |
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Indorsement | Indorsement in the Family Law Portal of the American Encyclopedia of Law. |
Indorsement | Indorsement in the IP Portal of the American Encyclopedia of Law. |
Indorsement | Indorsement in the Commercial Law Portal of the American Encyclopedia of Law. |
Indorsement | Indorsement in the Criminal Law Portal of the American Encyclopedia of Law. |
Indorsement | Indorsement in the Antritrust Portal of the American Encyclopedia of Law. |
Indorsement | Indorsement in the Bankruptcy Law Portal of the American Encyclopedia of Law. |
Indorsement | Indorsement in the Constitutional Law Portal of the American Encyclopedia of Law. |
Indorsement | Indorsement in the Tax Law Portal of the American Encyclopedia of Law. |
Indorsement | Indorsement in the and Finance and Banking Portal of the American Encyclopedia of Law. |
Indorsement | Indorsement in the Employment and Labor Portal of the American Encyclopedia of Law. |
Indorsement | Indorsement in the Personal Injury and Tort Portal of the American Encyclopedia of Law. |
Indorsement | Indorsement in the Environmental Law Portal of the American Encyclopedia of Law. |
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Indorsement in the Dictionaries | Indorsement in our legal dictionaries |
http://lawi.us/indorsement | The URI of Indorsement (more about URIs) |
Indorsement related entries | Find related entries of Indorsement |
Legal Issue for Attorneys
In Commercial Law. That which is written on the back of an instrument in writing, and which has relation to it. Writing one’s name on the back , of a promissory note or other negotiable instrument 20 Vt. 499. An indorsement is generally made primarily for the purpose of transferring the rights of the holder of the instrument to some other person. It has, however, various results, such as rendering the indorser liable in certain events; and hence an indorsement is sometimes made merely for the purpose of additional security. This is called an “accommodation’ indorsement” when done without consideration other than an exchange of indorsements. See “Accommodation.”
(1) A blank indorsement is one in which the name of the indorser only is written upon the instrument. It is commonly made by writing the name of the indorser on the back (13 Serg. & R. [Pa.] 315), but a writing across the face may answer the same purpose (18 Pick. [Mass.] 63; 16 East, 12).
(2) An indorsement in full is one in which mention is made of the name of the indorsee. Chit. Bills, 170.
(3) A conditional indorsement is one made subject to some condition without the performance of which the instrument will not be or remain valid. 4 Taunt. 30.
(4) A qualified indorsement is one which restrains, or limits, or qualifies, or enlarges the liability of the indorser, in any manner different from what the law generally imports as his true liability, deducible from the nature of the instrument. Chit. Bills (8th Ed.) 261; 7 Taunt. 160. The words commonly used are sans recours, without recourse. 3 Mass. 225; 12 Mass. 14.
(5) A restrictive indorsement is one which restrains the negotiability of the instrument to a particular person, or for a particular purpose. 1 Rob. (La.) 222. In Criminal Law. An entry made upon the back of a writ or war
rant. When a warrant for the arrest of a person charged with a crime has been issued by a justice of the peace of one county, which is to be executed in another county, it is necessary, in some states, that it should be indorsed by a justice of the county where it is to be executed. This indorsement is called “backing.”
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Notice
This definition of Indorsement is based on The Cyclopedic Law Dictionary. This entry needs to be proofread.
See Also
Endorsement in this Legal Encyclopedia
Endorsement definition in the Law Dictionary
Indorsement (Investment Securities)
This section introduces, discusses and describes the basics of indorsement. Then, cross references and a brief overview about Investment Securities is provided. Finally, the subject of Commercial Law in relation with indorsement is examined. Note that a list of cross references, bibliography and other resources appears at the end of this entry.
Indorsement (Negotiable Instruments)
This section introduces, discusses and describes the basics of indorsement. Then, cross references and a brief overview about Negotiable Instruments is provided. Finally, the subject of Commercial Law in relation with indorsement is examined. Note that a list of cross references, bibliography and other resources appears at the end of this entry.