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        Indian Laws

        Section 52 - Indorser who excludes his own liability or makes it conditional

        Negotiable Instruments Act, 1881
        Chapter IV
        Of Negotiation

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        Indorser exclusion of liability: conditional or 'without recourse' endorsements free the indorser but preserve intermediates' liability. An indorser may, by express words in the indorsement, exclude his own liability or make the indorsee's right to payment conditional on a specified event, and if such an indorser later becomes holder, all intermediate indorsers remain liable to him.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Indorser exclusion of liability: conditional or "without recourse" endorsements free the indorser but preserve intermediates' liability.

                                An indorser may, by express words in the indorsement, exclude his own liability or make the indorsee's right to payment conditional on a specified event, and if such an indorser later becomes holder, all intermediate indorsers remain liable to him.


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