Section 19 Effect of Transfer Without Endorsement
| Library | Commercial Law 2007 |
Title to a negotiable instrument payable to order is transferable by delivery without endorsement by the payee, but the transferee takes only such title as the transferee had and the transferee cannot be a holder in due course. Fitzgibbon Disc. Corp. v. Windisch, 271 S.W.2d 226 (Mo. App. E.D. 1954). Endorsement is necessary to transfer the instrument free from prior equities and claims. Lueckenhoff v....
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