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Showing 2461–2470 of 56936 articles for “Art. I-3°”
The endorsement must be written on the cheque or on a sheet of paper attached to it, known as an allonge. It must be signed by the endorser. The endorser's signature is affixed either by hand or by an…
Where the endorsement contains the words "valeur en recouvrement", "pour encaissement", "par procuration", or any other words implying a simple mandate, the bearer may exercise all the rights arising…
Unless otherwise agreed, the endorser guarantees payment. The endorser may prohibit further endorsement; in this case, the endorser is not liable to any person to whom the cheque is subsequently endor…
The holder of an endorseable cheque is deemed to be a rightful bearer if he proves his right by an uninterrupted series of endorsements, even if the last endorsement is blank. Crossed-out endorsements…
An endorsement on a bearer cheque makes the endorser liable under the provisions governing recourse; moreover, it does not convert the instrument into a promissory cheque.
A cheque made payable to a named person with or without an express "to order" clause is transferable by endorsement. A cheque payable to a named person with a "not to order" clause or an equivalent cl…
The endorsement may also be made for the benefit of the drawer or any other obligor. These persons may endorse the cheque again.
Endorsement transfers all rights arising from the cheque, in particular ownership of the funds. If the endorsement is blank, the bearer may: 1. fill in the blank, either with his or her name or with t…
An endorsement made after the protest or after the expiry of the time limit for presentation only produces the effects of an ordinary assignment. In the absence of proof to the contrary, an undated en…
The endorsement must be pure and simple. Any condition to which it is subject is deemed unwritten. Partial endorsement is null and void. The endorsement of the drawee is also null and void. A bearer e…
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