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LSDefine

Simple English definitions for legal terms

notice of dishonor

Read a random definition: acquets and gains

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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TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
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
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