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LSDefine

Simple English definitions for legal terms

notice of dishonor

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A quick definition of notice of dishonor:

A notice of dishonor is a message sent to the person who endorsed a financial instrument, such as a check or promissory note, informing them that the payment or acceptance of the instrument has been refused. This notice is required by law and is necessary for the endorser to be held responsible for any outstanding debt. It is also known as a certificate of protest or certificate of dishonor.

A more thorough explanation:

A notice of dishonor is a notification sent to the indorser of a financial instrument, such as a check or promissory note, informing them that the payment or acceptance of the instrument has been refused. This notice is a requirement for the indorser's secondary liability, along with presentment and actual dishonor.

For example, if John writes a check to Jane, and Jane tries to cash it but the bank refuses to honor it due to insufficient funds, the bank will send a notice of dishonor to John, informing him that his check was not accepted. John, as the indorser, is then responsible for paying the amount of the check to Jane.

Another example would be if a company issues a promissory note to a supplier, promising to pay a certain amount by a specific date. If the company fails to make the payment on time, the supplier can send a notice of dishonor to the company, informing them that the promissory note was not accepted. The company, as the indorser, is then responsible for paying the amount owed to the supplier.

notice of copyright | notice of incomplete application

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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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