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LSDefine

Simple English definitions for legal terms

irregular indorsement

Read a random definition: pernor of profits

A quick definition of irregular indorsement:

An endorsement 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 show that it has been paid. There are different types of endorsements, like a blank endorsement where no specific person is named, or a conditional endorsement that puts limits on how the paper can be used. An irregular endorsement is when someone signs the paper who isn't supposed to, and they are usually just helping out.

A more thorough explanation:

An irregular indorsement is when a person signs the back of a negotiable instrument, like a check, but they are not part of the chain of ownership. This means they are not the original owner or a subsequent owner who received the instrument through a proper transfer. An irregular indorser is usually treated as an accommodation party, which means they are not liable for the payment of the instrument unless certain conditions are met.

For example, if John receives a check made out to him and he signs the back of the check to transfer it to Jane, who then signs it to transfer it to Tom, but then Tom signs it and gives it to Sarah, who is not part of the chain of ownership, Sarah has made an irregular indorsement. She is not liable for the payment of the check unless she made certain promises or guarantees when she signed it.

irregular | irregularity

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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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