What is the term used to describe an endorsement in which the endorser excludes his own liability on…
Under s.52 NI Act the indorser may by express words exclude his own liability on dishonour; such an indorsement is a "Sans recourse endorsement".
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What is the term used to describe an endorsement in which the endorser excludes his own liability on the negotiable instrument in case of dishonour of the instrument?
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Correct answer B
Under s.52 NI Act the indorser may by express words exclude his own liability on dishonour; such an indorsement is a "Sans recourse endorsement".
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