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LSDefine

Simple English definitions for legal terms

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A quick definition of in blank:

Indorsement is when someone signs the back of a piece of paper that can be used as money, like a check, to transfer it to someone else or guarantee payment. Sometimes, the signature is left blank, which means it can be given to anyone and used as money. There are different types of indorsements, like ones that limit how the paper can be used or who can receive payment. If someone signs the paper without permission, it's called an unauthorized indorsement.

A more thorough explanation:

Definition: An indorsement that is not restricted to a particular indorsee. This means that the negotiable instrument can be transferred to anyone who possesses it.

Example: A check with a blank indorsement is payable to the bearer, which means that anyone who has the check can cash it. For example, if John writes a check to Mary and Mary indorses it in blank, anyone who possesses the check can cash it, even if they are not Mary.

Explanation: In blank indorsement is a type of indorsement that does not specify a particular person to whom the instrument is payable. This makes the instrument payable to the bearer, which means that anyone who has the instrument can negotiate it. The example illustrates how a blank indorsement works in practice. If Mary indorses the check in blank, she is giving up her right to receive payment and transferring it to anyone who has the check. This type of indorsement is commonly used when the payee wants to transfer the instrument quickly and easily.

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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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