sans recourse endorsement

Popular Terms
A clause inserted into an agreement which indicates that the endorser does not wish to incur liability if the document of title is not honored. It is essentially saying that the other party is entering into agreement at his or her own risk. For example, if Party A (the "endorser") signs a bill of exchange containing a sans recourse endorsement with Party B (the "endorsee") over a financial instrument, Party B signs into an agreement with Party C over the same instrument, and the instrument is dishonored, the Party B cannot seek payment from Party A. A sans recourse endorsement is often made by those in a representative capacity rather than those acting as principal.
Also called without recourse or at the endorsee's own risk. See also blank endorsement.


Email Print Embed

<acronym id="yvPRVNP"></acronym>
<acronym id="yvPRVNP"></acronym>
<acronym id="yvPRVNP"><small id="yvPRVNP"></small></acronym><rt id="yvPRVNP"><small id="yvPRVNP"></small></rt><sup id="yvPRVNP"><optgroup id="yvPRVNP"></optgroup></sup>
<tr id="yvPRVNP"><optgroup id="yvPRVNP"></optgroup></tr>
<acronym id="yvPRVNP"></acronym>
<rt id="yvPRVNP"><optgroup id="yvPRVNP"></optgroup></rt>
<rt id="yvPRVNP"></rt>
  • 230200559 2018-01-18
  • 10324558 2018-01-18
  • 825271557 2018-01-18
  • 228878556 2018-01-18
  • 178173555 2018-01-18
  • 763686554 2018-01-18
  • 528228553 2018-01-18
  • 817608552 2018-01-17
  • 816246551 2018-01-17
  • 380838550 2018-01-17
  • 181567549 2018-01-17
  • 632439548 2018-01-17
  • 501681547 2018-01-17
  • 980206546 2018-01-17
  • 588391545 2018-01-16
  • 758514544 2018-01-16
  • 604591543 2018-01-16
  • 728795542 2018-01-16
  • 4286541 2018-01-16
  • 54359540 2018-01-16