You Sign, You Pay | Liability on the Instrument | Negotiable Instruments

This lesson continues our look at liability on the instrument. We start with the basic rule that someone who signs an instrument is likely liable to the person entitled to enforce it. From there, we examine all the ins-and-outs of the different parties that may sign an instrument and how exactly their liability plays out. Chapters 00:00 - Introduction 01:27 - (1) An Overview of Liability on the Instrument 14:36 - (2) Obligation of Issuer of Note or Cashier's Check 23:06 - (3) Obligation of Drawer 24:29 - (4) Obligation of Indorser 34:56 - (5) Obligation of Drawee Bank 36:09 - (6) What Courts as a Signature 40:19 - (7) Presentment and Dishonor 46:47 - Conclusion/Outro