The consequence was frequent visits from the notary; and his indorsers began occasionally to receive an unceremonious call from those officious legal gentlemen, Messrs.
If, however, the payee chooses to accept the qualified acceptance of the drawee, he may do so, but by this act he releases the drawer and all prior indorsers from liability thereon.
If the note contains indorsements, the note must be presented to the maker, and if payment is refused, to enable the holder to hold the indorsers liable, notice of the fact must be given the indorsers.
Can indorsers of a negotiable instrument be held if the note is not presented for payment?
The time of payment is certain, and if presented for payment on December 23, and dishonored, notice of non-payment to the drawer and prior indorsers is sufficient to enable the payee to hold them liable.
The notice may be given by a verbal notification, by the delivery of written message, or by mailing notice to the residence or place of business of the indorsers or drawer.
If such notice is not given, the acceptor orindorsers are discharged from liability.
If a draft of which presentment is necessary, is not presented for acceptance, the drawer and indorsers are discharged.
This is the reason that a maker and prior indorsers of a check are released from liability thereon when a holder has it certified.
Indorsers and indorsees are designated as first, second, third, etc.
The indorsers are authorized to collect the note for Arthur Hinde.
When this is done, he and all subsequent indorsers are thereby relieved from liability on the note.
When a note is payable to the order of two or more payees or indorsers who are not partners, all must indorse unless the one indorsing has authority to indorse for the others.
There are three or four indorsers upon it and I take it to the drawee to have him accept.
Now I feel that the drawer and all of the indorsers are financially irresponsible and I would rather have the acceptance of the drawee for $500 than nothing.
When a holder of a check procures it to be certified by the bank, that releases all indorsers and also the drawer.
Where a qualified acceptance is taken, the drawer and indorsersare discharged from liability on the bill, unless they have expressly or impliedly authorized the holder to take a qualified acceptance, or subsequently assent thereto.
But to hold him liable in case immediate notice is not given, or the note is not immediately sued, it must be shown that he has not suffered injury from want of notice, or that the note was not collectable of the maker or indorsers when due.
If it is indorsed, to make theindorsers responsible?
If you hold a note having indorsers, to render the indorsers responsible?
There's indorsers there; and if it is as I suspect, ye've lost recourse, and may be liable for the debt.
The mind of the boxmaster was now too much occupied about the danger of having allowed the days of grace to pass without intimation to the indorsers on the bill, to have any space left for doubting the honesty of the deacon.
The above list will hopefully give you a few useful examples demonstrating the appropriate usage of "indorsers" in a variety of sentences. We hope that you will now be able to make sentences using this word.
