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LSDefine

Simple English definitions for legal terms

general indorsement

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A quick definition of general indorsement:

General indorsement is when someone signs the back of a piece of paper that can be traded for money (like a check) without writing a specific person's name. This makes it so anyone who has the paper can trade it for money. There are other types of indorsements that have different rules, like ones that limit who can trade the paper or ones that limit the signer's responsibility if the paper can't be traded.

A more thorough explanation:

A general indorsement is when a signature is placed on the back of a negotiable instrument, like a check, to transfer or guarantee the instrument or to acknowledge payment. It can also refer to the signature or notation itself.

For example, if someone signs the back of a check without specifying a specific payee, it becomes a blank indorsement or a general indorsement. This makes the check payable to the bearer and negotiable by delivery only.

Another example is a qualified indorsement, which limits the liability of the indorser if the instrument is dishonored. This is done by writing "without recourse" or "sans recourse" over the signature.

Overall, a general indorsement is a way to transfer or guarantee a negotiable instrument through a signature on the back.

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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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