served to limit the scope for buyer-side fraud, that is, fraud that would result from a buyer passing on a low-quality or forged debt instrument to a seller.
If so, then the trust cannot enforce the notes unless it is a person entitled to enforce under Article 3, which, in most cases, requires indorsement
1894) (failure of indorsee to produce original note as proof of indorsement
required reversal); Perry v.
section] 3-203(c) ("[I]f an instrument is transferred for value and the transferee does not become a holder because of lack of indorsement
by the transferor, the transferee has a specifically enforceable right to the unqualified indorsement
of the transferor.
The plaintiff filed the original note, which showed an indorsement
to another person, but no indorsement
to the plaintiff.
Maj Roka Pamperien, Chief, Plans and Operations Office, Aircraft and Equipment Division to The Deputy Inspector General for Technical Inspection and Flight Safety Research, Norton Air Force Base, San Bernardino, California, 1st Indorsement
, 15 Sep 1952 in O'Brien Accident Report, 21 May 1952.
for Congress Is Urged to Simplify Primaries, THE MINNEAPOLIS TRIB.
If the maxim stare decisis is any thing more than a name; if the people of this state have the privilege of certain rules of action, and are not the sport of perpetual vacillation and ruinous uncertainty; the law of Connecticut concerning indorsements
of notes, as before expressed, is stable and unquestionable.
are placed on the check by payee(s), by the Bank of First Deposit, and by Banks subsequently handling the check.
The abuse and accusations of party treason which have been heaped upon some judges in the recent past because of decisions thought to be contrary to the interests of an indorsing party ought to be evidence enough of the impropriety of party indorsements
and of their purpose to induce partisan political rather than impartial judicial decisions.
Ombudsman Conchita Carpio-Morales ordered Uy suspended for one month for failing to act right away on the letters and indorsements
regarding an administrative assistant's back pay.
Forged payee indorsements
are subject to different rules.