RECOURSE -The rights of a holder in due course of a financial instrument (such as a loan) to force the endorser on the instrument to meet his or her legal obligations for making good the payment of the instrument if dishonored by the maker or acceptor.
Recourse is a legal right possessed by the holder of a financial instrument.
The endorser of a financial instrument has no obligation to make payment to a rights holder.
A person sitting on the beach under an umbrella reading.
A dog lounges on an open field.
The group of boys are near the playground looking at another person on a swing.
A naked little girl is outside.
the boy is on the school bush
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