- An indorser for accommodation who is satisfactory to the payee, subject to the qualification that the payee is not to reject capriciously. Cutter v Cutter, 48 NY Super Ct (16 Jones & S) 470, 475.
Ballentine's law dictionary. Anderson, W.S.. 1998.
Look at other dictionaries:
indorser — One who indorses; one who signs as an indorser; even one who signs on the face of the instrument, provided he indicates his character as an indorser in writing appearing with the signature. Peoples Nat. Bank v Dicks, 258 Mich 441, 242 NW 825. One … Ballentine's law dictionary
satisfactory note — A promissory note given by a person of undoubted solvency or supported by surety or indorser of undoubted solvency. 46 Am J1st Sales § 179 … Ballentine's law dictionary
protest — A formal declaration made by a person interested or concerned in some act about to be done, or already performed, whereby he expresses his dissent or disapproval, or affirms the act against his will. The object of such a declaration is generally… … Black's law dictionary
approved indorsed notes — Notes indorsed by another person than the maker, for additional security, the indorser being satisfactory to the payee. See accommodation paper accommodation party … Black's law dictionary