Examlex
Spontaneous recovery:
Indorsements
Signatures or statements on a negotiable instrument (like a cheque or bill of lading) that specify the terms under which the document is to be transferred or can enforce rights under it.
Negotiation
The process where two or more parties discuss and modify terms of an agreement to reach a mutually acceptable solution.
Indorsements
The act of signing a document, typically on the back of a negotiable instrument like a check, signifying agreement, approval, or endorsement of its contents.
Indorsee
The person to whom the rights under a negotiable instrument are transferred by way of endorsement.
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