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Sambok by Keej Dalonos is a document available to read on EtoBox.

What is Sambok about?

(1) Sambok Motors Company (Sambok) indorsed a promissory note made by Dr. Villaruel in favor of plaintiff Metropol Financing with the words "with recourse"; (2) "With recourse" means Sambok agreed to pay if Dr. Villaruel defaulted, making Sambok a general indorser rather than a qualified indorser; (3) Sambok also waived notice requirements, confirming its intent to be liable as a general indorser; (4) When Dr. Villaruel defaulted and the note was dishonored, Sambok

Author

Keej Dalonos

Language

EN