Legal Question in Business Law in Massachusetts

Business Law signature liability

Instrument shows on back:

Pay to Ann Tyler

Paul Tyler (signed)

Ann Tyler (signed)

Mary Thomas (signed)

Betty Ash (signed crossed out later by Susan Town)

Pay George Green Only

Susan Town (signed)

Susan struck out Betty Ash, under UCC which of the endorsers will be completely discharged from secondary liability to later endorsers?


Asked on 10/02/08, 1:00 pm

2 Answers from Attorneys
David Anderson Anderson Business Law LLC

Re: Business Law signature liability

Need to see both sides of Hegotiable Ibstrumebt and details on obligations

I have represented baks for over 20 yrs.

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Answered on 10/02/08, 1:20 pm
henry lebensbaum Law Offices of Henry Lebensbaum (978-749-3606)

Re: Business Law signature liability

From what you say, all signatories are jointly and severally liable.

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Answered on 10/02/08, 3:03 pm


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