made by an employee between the drawer/employer, the drawee
(63) There is a tension that arises from the language when reading these provisions together: whether the note is required to be negotiated by indorsement
(64) and that the assignee must have physical possession of the note, or whether an assignment of the note (without negotiations or possession) is sufficient.
(63) If an instrument is payable to (or to the order of) an identified person, however, then the negotiation requires not just delivery, but also indorsement
by the prior holder.
It is true that he does not promise in so many words that he will use reasonable efforts to place the defendant's indorsements
and market her designs." (20)
: Information used to record the transfer of a negotiable instrument from one holder to another.
place your indorsement
[sic] would go further probably than anyone else's.
During this period of transit and voyage, the bill of lading by the law merchant is universally recognised as its symbol; and the indorsement
and delivery of the bill of lading operates as a symbolical delivery of the cargo."
The Board's proposed amendments: (1) set forth the requirements of the Check 21 Act that apply to banks; (2) provide a model disclosure and model notices relating to substitute checks; and (3) set forth bank indorsement
and identification requirements for substitute checks.
While a formal description of negotiability is somewhat involved, for the present purposes the two most essential aspects of negotiability are the ideas of "indorsement
" and of a "holder in due course" (see Winn 1998 for a more complete discussion).
.is of a type which is in ordinary course of business transferred by delivery with any necessary indorsement
or assignment." U.C.C.
Notes receivable discounted or sold with indorsement
To hold a meeting there made it orthodox and regular." All factions consequently "struggled hard, even to bloody rows, to obtain an indorsement
" at the annual primary meeting held there.