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Simple English definitions for legal terms

Qualified indorsement (endorsement)

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A quick definition of Qualified indorsement (endorsement):

A qualified indorsement is when someone signs a piece of paper that can be traded for money, but they add a special phrase like "without recourse" to limit their responsibility if the paper is not worth anything. This makes it harder for someone to steal the paper and get money for it, but it doesn't stop other people from trading it.

A more thorough explanation:

A qualified indorsement (or endorsement) is a way to transfer ownership of a negotiable instrument, like a check or promissory note, with certain restrictions. It is an endorsement that includes an additional phrase, such as "without recourse," which limits the liability of the signer (indorser) if the instrument is dishonored.

For example, if John writes a check to Jane for $100, and Jane wants to transfer the check to Bob, she can use a qualified indorsement by signing the back of the check and adding "without recourse" after her signature. This means that if the check bounces or is not honored by the bank, Bob cannot hold Jane responsible for the loss.

While a qualified indorsement can make it harder for someone to steal or misuse a negotiable instrument, it does not prevent further transfer or negotiation of the instrument.

qualified individual with a disability | Qualified institutional buyer (QIB)

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soyalmondoatmilk
16:38
can i pls just know im at least going somewhere next fall
16:38
thstd exactly how i feel
i wish i could teleport to mid december so i can hear back from nw
soyalmondoatmilk
16:39
@nycbestcloser: do u like suits
16:40
@Dkk: yeah a 5% drop is nothing relative to the swing per yr. @danker thanks for not canceling me
16:40
i like suits my favorite colors for suits are blue (not navy but like a greyish blue) and a true grey
16:40
@Eggan: lite grey?
16:40
no like medium grey
soyalmondoatmilk
16:41
oh LOLL i meant the tv show but suits are cute too
16:41
i knew you meant the show i was just being silly
16:41
@Eggan: oh same. I have a charcoal suit and I feel like Im in an old movie when I wear it lmao. gray is the move
soyalmondoatmilk
16:42
@eggan ahahaha
16:42
i used to have a true blue suit in the color i mentioned above but then i gained weight and it doesnt fit anymore. i rly gotta go get a bespoke suit or something idc if i need to empty my pockets for one
soyalmondoatmilk
16:42
i like navy blue suits
soyalmondoatmilk
16:42
^on guys
16:43
guys someone got an elon acceptance and they applied the same day as me and got an II the same day i am flipping out
16:43
This guy has my taste in suits: https://www.youtube.com/@MikeRafiLawyer
JumpySubsequentDolphin
16:44
have you guys seen that suit guy on Tik tok
JumpySubsequentDolphin
16:44
that like assaults the people he’s making suits for
absolutely gift wrapped this pasty english boy
"how old are you" "18" "PLENTY of consent"
JumpySubsequentDolphin
16:49
YES YES HIM
16:49
link it
16:53
yooo sams tailor
16:54
Does Anyone know if the FASFA section on the Santa Clara status checker is new? I don't remember it being there last year
Dkk
16:59
Facking UGA still not even touching the 168's. Cutting hard at 169 again. Worries me.
Dkk
16:59
Hate it when schools do that. So dumb.
Medians > everything
HopefullyInLawSchool
17:10
@OvertReconditeSpider: it depends on the applicant, if you apply YM it increases your chnaces by alot even if you're below median. But youre right medians are improtant.
WorthlessAttractiveZombie
17:13
Anyone apply to Notre Dame? My portal went UR3 and I’m pretty sure my paragraph disappeared today
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