Legal Question in Business Law in Indiana

A check drawn by Cullen for $500 is made payable to the order of Jordan and issued to Jordan. Jordan owes his landlord $500 in rent and transfers the check to his landlord with the following indorsement: �For rent paid, [signed] Jordan.� Jordan�s landlord has contracted to have Deborah do some landscaping on the property. When Deborah insists on immediate payment, the landlord transfers the check to Deborah without indorsement. Later, to pay for some palm trees purchased from Better-Garden Nursery, Deborah transfers the check with the following indorsement: �Pay to Better-Garden Nursery, without recourse, [signed] Deborah.� Better-Garden Nursery sends the check to its bank indorsed �For deposit only, [signed] Better-Garden Nursery.�
(a) Classify each of these indorsements.
(b) Was the transfer from Jordan�s landlord to Deborah, without indorsement, an assignment or a negotiation? Explain.

Asked on 10/25/12, 12:56 pm

Kenneth Wilk Rubino Ruman Crosmer & Polen

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0 attorneys agreed

This sounds like a law school question, which should properly be answered by a law student.

Answered on 10/28/12, 5:06 pm

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