Section 52 of NIA : Section 52: Indorser Who Excludes His Own Liability Or Makes It Conditional
NIA
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Explanation using Example
Imagine John has a check that he wants to pass on to his friend, Alice, without being liable if the check bounces. John endorses the check to Alice by writing on the back of the check, "Pay to Alice without recourse, [signed] John." By doing so, John informs Alice and any subs...
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