Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

indorsee

Read a random definition: droit écrit

A quick definition of indorsee:

Indorsee: A person who receives a piece of paper that can be exchanged for money or goods by someone else. This person gets the paper because someone else wrote their name on it and gave it to them. If the indorsee gets the paper in a normal way, without knowing that it's not worth anything, they can use it to get money or goods.

A more thorough explanation:

Definition: An indorsee (also spelled endorsee) is a person who receives a negotiable instrument through endorsement. This means that the instrument, such as a check or promissory note, has been signed over to them by the original payee or holder.

An indorsee can be anyone who is legally allowed to receive and hold a negotiable instrument, such as an individual, a business, or a financial institution.

There are different types of indorsees, but one important category is the "indorsee in due course." This refers to an indorsee who acquires a negotiable instrument in good faith, for value, and without knowledge of any defects or issues with the instrument.

For example, if a person receives a check from a friend and then endorses it over to their bank, the bank becomes the indorsee. If the bank received the check in good faith, before its maturity date, and without any knowledge of any problems with the check, then it would be considered an indorsee in due course.

Another example could be a business that receives a promissory note from a customer and then endorses it over to a factoring company. The factoring company becomes the indorsee and can collect the payment from the customer when the note matures. If the factoring company acquired the note in good faith, for value, and without any knowledge of any issues with the note, then it would be considered an indorsee in due course.

These examples illustrate how an indorsee is someone who receives a negotiable instrument through endorsement, and how an indorsee in due course is someone who acquires the instrument in good faith, for value, and without knowledge of any defects or issues.

indivisum | indorser

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
@BruceSutter: i was dreading it too and he was totally chill with it
10:58
@BruceSutter: blunt. you cannot control how they react. not ur prob.
@llama: imo go to wne and transfer to mich
11:02
@llama: become a wildland firefighter
11:03
@NemoPropheta: have done that.
11:04
If u do it, I hope you never are chased by fire that is faster than you. it is quite the thrill, yet very hot.
11:05
damn youre cool
11:06
i wanna be you when i grow up
11:06
Not really. The cool ppl are smart and fly helicopters/SEAT planes and fight fire XD
11:07
honestly i think it would be fun to do for a few seasons i just have no idea how to start, the usfs website is confusing
11:08
Ig the plus side is once u almost die, you kinda become unbother-able and, in my experience, both appreciate life (the little things) and experience calm more mindfully
11:11
@NemoPropheta: I was never out west or on any massive fires. Ig if u are serious, idk where u are, but you could try to contact ur local DNR and get some exp/connections then use creds to land a job with USF? unsure.
they have smokejumpers here in alaska
11:13
yeah I guess I could look into state level first, I suppose shenandoah could catch fire again
11:15
@NemoPropheta: many ways to skin a cat, but if u are serious, u could realistically build a great gov career in emergency mgnt/services and climb pretty high (quickly) from a local/state to regional/ national emergency mgnt.
11:17
one thing about fire is there are so many ways to become a very valuable asset (by compounding competencies/skills within the niche)ie wildland/med/hazmat/command/ resources/ strike teams/ catastrophic event/air etc
do u ever rediscover an album u loved and ur like damnnnnn i gotta relisten to this like 8 times now
11:45
@badhorrormovie: Maroon 5 Songs About Jane just relistened to it yesterday
wiped out! for me
that album is fire
to both
damn i'm about to relisten to those now
mine is arctic monkeys suck it and see
11:52
@badhorrormovie: have you ever seen the movie "Submarine"? Alex Turner does the soundtrack and its pretty good
YES I LOVE SUBMARINE
Hrllo randos
_/■ I_|■|_|■\_
12:04
@badhorrormovie: i have such a soft spot for coming of age/romance movies set in Europe lol
anxiousbird333
12:34
has anyone had an empty scholarship tab appear on their status checker while app is under review ?
LSD+ is ad-free, with DMs, discounts, case briefs & more.