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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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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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