see also Benjamin Geva, Forged Check Indorsement
Losses Under the UCC:
The underlying question addressed here is whether under New York law, an assignee of a mortgage loan obligation has standing to foreclose on a defaulting borrower when the assignee has not received both indorsement
and physical possession of the promissory note.
Miller's suggested proposal read: "The Federal Reserve Board, being satisfied that unusual and exigent circumstances exist which justify such action, hereby authorizes all Federal Reserve Banks for a period of six months from the date of this letter to discount for individuals, partnerships, and corporations, with their indorsement
, notes, drafts and bills of exchange which are now eligible for discount for member banks under the provisions of Section 13 or 13(a) of the Federal Reserve Act and Regulation A of the Federal Reserve Board, and which are also secured to the satisfaction of the Federal Reserve Banks."
The note contained an undated, blank indorsement
, which was insufficient to prove standing at the time the complaint was filed.
mean that the amended indorsement
of claim in this present action
In the case of UCC Article 3, this means that the use of integrated, formalized writings transferred through indorsement
and physical delivery and enforced via presentment.
(35.) Eg, in Victoria, the originating process must contain an indorsement
stating the facts and the particular ground(s) for service out relied on (see Supreme Court (General Civil Procedure) Rules 2005 (Vic) r 7.02(1)), whereas in New South Wales a more general indorsement
of the statement of claim suffices (Uniform Civil Procedure Rules 2005 (NSW) r 11.3).
This result in favor of the party in power at a congressional election immediately following a Presidential campaign is rather unusual, and on this account will be all the more gratifying to the Administration, by whom it will naturally be taken as a splendid indorsement
" (Literary Digest 1898b, 598).
"Housewives' League Near Serious Split: Row over an Indorsement
." New York Times 17 Nov.
Having quoted the observation from Dutch v Warren that 'if one man takes another's money to do a thing, and refuses to do it; it is a fraud', (72) he remarked that the 'fraud' on the facts of the case before him was 'stronger'--'The indorsement
, which enabled the defendant to recover, was got by fraud and falsehood, for one purpose, and abused to another'.
Austin is very much to the good, is as square as a die, and ought to receive the cordial support and indorsement
of every man who believes in and is striving for good government.
[sic] of the deterministic principle.
As Garrick points out, "the rest of us are good for little, without your indorsement
She placed her indorsement
on fabrics, dresses and millinery without his knowledge, and withheld the profits.
Furthermore, the survey has been attacked by interested but unscrupulous gold miners, who, without his indorsement
, could not put their lands upon the market." (Anonymous, 1893; the tone suggests that these words were written by Spencer himself!).