endorsement liability | endorser's liability | liability in respect of endorsements

unauthorized emission of pollutants [ unauthorized release of pollutants | unauthorized discharge of pollutants ]

endorsement as security [ endorsement in pledge | endorsing in pledge ]

endorsement in full | regular endorsement

unauthorized modification of data | unauthorized modification

boost political crusade | endorse political crusade | endorse political campaign | promote political campaign

restrictive endorsement | collection endorsement

blank endorsement | endorsement in blank

49 (1) Where a bill bearing a forged or an unauthorized endorsement is paid in good faith and in the ordinary course of business by or on behalf of the drawee or acceptor, the person by whom or on whose behalf the payment is made has the right to recover the amount paid from the person to whom it was paid or from any endorser who has endorsed the bill subsequent to the forged or unauthorized endorsement if notice of the endorsement being a forged or an unauthorized endorsement is given to each such subsequent endorser within the time and in the manner mentioned in this section.

(2) Any person or endorser from whom an amount has been recovered under subsection (1) has the like right of recovery against any prior endorser subsequent to the forged or unauthorized endorsement.

(2) If the transfer of a security is wrongful by reason of an unauthorized endorsement, the owner may reclaim possession of the security or a new security even from abona fide purchaser if the ineffectiveness of the purported endorsement is asserted against the purchaser under section 117.

(2) If the transfer of a security is wrongful by reason of an unauthorized endorsement, the owner may reclaim possession of the security or a new security even from a bona fide purchaser if the ineffectiveness of the purported endorsement may be asserted against such purchaser under section 68.