BLRB25 - John Doe, without recourse, John Doe Special...

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Business Law and the Business Law and the Regulation of Business Regulation of Business Chapter 25: Transfer Chapter 25: Transfer By By Richard A. Mann Richard A. Mann Barry S. Roberts Barry S. Roberts
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Topics Covered in this Chapter Topics Covered in this Chapter A. A. Negotiation Negotiation B. B. Indorsements Indorsements
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Bearer Paper Bearer Paper I P F B Issuer Payee Bearer Instrument Lost Finder Instrument $ Transferee (may be a holder in due course)
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Negotiation of Bearer Negotiation of Bearer and Order Paper and Order Paper Bearer Paper Order Paper Possession 1) Possession 2) All necessary indorsements Holder
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Indorsements Indorsements Indorsement Type of Indorsement Interest Transferred Liability of Indorser 1. “John Doe” Blank Nonrestrictive Unqualified 2. “Pay to Richard Roe, John Doe” Special Nonrestrictive Unqualified 3. “Without recourse, John Doe” Blank Nonrestrictive Qualified 4. “Pay to Richard Roe in trusts for
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Unformatted text preview: John Doe, without recourse, John Doe Special Restrictive Qualified 5. For collection only, without recourse, John doe Blank Restrictive Qualified 6. Pay to XYZ Corp., on the condition that it delivers goods ordered this date, John Doe Special Nonrestrictive (revised Article 3) Unqualified HARRIS BANK Harris Trust and Savings Bank Chicago, Illinois Pay to the order of 17-7000 2910 Feb.1 1997 Bob Barten $500.00 Five Hundred and no/100 DOLLARS |:291070001|: 202820211110 1242 1242 Placement of Indorsement Placement of Indorsement For TRAILIING EDGE LEADING EDGE FRONT BACK Reserved for indorsement by the bank at which the check is deposited. Indorsement must be in black or blue ink and must be within 1 1/2 inches from the trailing edge so as not to interfere with indorsements from the bank....
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This note was uploaded on 10/25/2009 for the course LAW 100 taught by Professor Liu during the Spring '09 term at Zhejiang University.

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BLRB25 - John Doe, without recourse, John Doe Special...

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