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" A qualified indorsement constitutes the indorser a mere assignor of the title to the instrument. It may be made by adding to the indorser's signature the words " without recourse ", or any words of similar import. "
The New Standard American Business Guide: A Complete Compendium of how to Do ... - Page 136
by Edward Thomas Roe - 1911 - 480 pages
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Reports of Civil and Criminal Cases Decided by the ..., Volume 6; Volume 154

Kentucky. Court of Appeals, James Hughes, Achilles Sneed, Martin D. Hardin, George Minos Bibb, Alexander Keith Marshall, William Littell - Law reports, digests, etc - 1913 - 1002 pages
...qualified, or conditional." Section 38 provides: "A qualified endorsement constitutes the endorser a mere assignor of the title to the instrument. It may be made by adding to the endorser's signature the words "without recourse" or any words of similar import. Such endorsement...
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Michigan Reports: Cases Decided in the Supreme Court of Michigan, Volume 172

Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper - Law reports, digests, etc - 1913 - 794 pages
...the legislature has defined a "qualified indorsement," and restricted such definition by the words, " It may be made by adding to the indorser's signature the words ' without recourse ' or any other words of similar import." In the instant case the indorsement upon each of these notes to be...
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Michigan Reports: Cases Decided in the Supreme Court of Michigan, Volume 161

Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper - Law reports, digests, etc - 1910 - 806 pages
...equivalent to an indorsement without recourse. Second. The statute above quoted expressly provides that "a qualified indorsement constitutes the indorser a mere assignor of the title to the instrument." Here again we are confronted with section 10054, 3 Comp. Laws, which holds that the assignee of a negotiable...
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The Central Law Journal, Volume 83

Law - 1916 - 502 pages
...demurrer of de4088 and 4113, Revised Laws 1910, with reference to qualified indorsement read as follows: "Qualified indorsement constitutes the indorser a...'Without recourse,' or any words of similar import. Such an indorsement does not impair the negotiable character of the instrument." "A person placing his signature...
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Reports of Cases Determined in the Supreme Court of the Territory ..., Volume 38

Utah. Supreme Court, Albert Hagan, John Augustine Marshall, John Maxcy Zane, James A. Williams, Joseph M. Tanner, George L. Nye, John Walcott Thompson, August B. Edler, Alonzo Blair Irvine, Harmel L. Pratt, William S. Dalton, H. Arnold Rich - Law reports, digests, etc - 1912 - 666 pages
...referring to the statute, we find it provides (section 1590) that: "A qualified Indorsement constitutes tbe indorser a mere assignor of the title to the instrument. It may be made by adding to the indorser'a signature the words 'without recourse' or any words of similar import. Such an indorsement...
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The Pacific Reporter, Volume 113

Law reports, digests, etc - 1911 - 1164 pages
...good faith or In bad faith." Again referring to the statute, we find it provides (section 1590) that: "A qualified indorsement constitutes the indorser...'without recourse' or any words of similar import. Such an indorsement does not impair the negotiable character of the instrument." In 4 A. & E. Ency. L. (2d...
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The Pacific Reporter, Volume 172

Law reports, digests, etc - 1918 - 1214 pages
...Instruments Law of the state, said: "A qualified indorsement may, by the exprès« terms of that section, be made by adding to the indorser's signature the...'without recourse, or any words of similar import." It has been settled in commercial law that a transfer by indorsement of the 'right and title' of the...
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The Pacific Reporter, Volume 188

Law reports, digests, etc - 1920 - 1148 pages
...of the act, when taken together, show that this was not the intention. Section 5871, LOL, provides: "A qualified indorsement constitutes the indorser a mere assignor of the title to the instrument." Is It not perfectly clear that this language puts the Indorser without recourse in exactly the same...
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The Code of Virginia: With the Declaration of Independence and the ...

Virginia - Law - 1899 - 724 pages
...the title of the first indorsee under the restrictive indorsement. §38. QUALIFIED INDORSEMENT. — A qualified indorsement constitutes the indorser a...to the instrument. It may be made by adding to the indorsees signature the words " without recourse " or any words of similar import. Such an indorsement...
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The Maryland Code: Public General Laws : Adopted by the General Assembly of ...

Maryland - Law - 1898 - 700 pages
...subsequent indorsees acquire only the title of the first indorsee under the restrictive indorsement. 57. A qualified indorsement constitutes the indorser a..."without recourse," or any words of similar import. Such an indorsement does not impair the negotiable character of the instrument. 58. Where an indorsement...
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