this post was submitted on 18 Oct 2024
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[โ€“] Laser@feddit.org 39 points 4 weeks ago (15 children)

Second time I'm reading "indorsement" from these morons, are they all just illiterate or is there some deeper idiocy to it?

[โ€“] butwhyishischinabook@lemmy.world 10 points 4 weeks ago* (last edited 4 weeks ago)

No that's actually correct in a legal context like this. I mean what they're trying to do is nonsense obviously, but an indorsement, as defined in UCC s. 3-204(a) for example, means "means a signature, other than that of a signer as maker, drawer, or acceptor, that alone or accompanied by other words is made on an instrument for the purpose of (i) negotiating the instrument, (ii) restricting payment of the instrument, or (iii) incurring indorser's liability on the instrument, but regardless of the intent of the signer, a signature and its accompanying words is an indorsement unless the accompanying words, terms of the instrument, place of the signature, or other circumstances unambiguously indicate that the signature was made for a purpose other than indorsement. For the purpose of determining whether a signature is made on an instrument, a paper affixed to the instrument is a part of the instrument."

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