用“right of recourse”造句大全，right of recourse造句

"In such case, any indorser who would have had a right of recourse against the party whose signature is cancelled is also discharged."

When the person against whom the right of recourse is exercised settles the liabilities, the holder shall surrender the bill of exchange together with the relevant evidence of dishonor and issue a receipt of interest and expenses paid.

In case of any deficiency, the salvor has the right of recourse against the party salved.

Article69 Where the holder is the drawer, he has no right of recourse against the prior parties.

Where a bill of exchange is not presented for acceptance within the prescribed period, the holder thereof shall lose the right of recourse against his prior parties.

Article79 The bearer of a promissory note loses the right of recourse against his prior parties other than the maker, if he fails to present the note for visa within the prescribed period of time.

After the third party has borne the suretyship, he shall have the right of recourse against the debtor.

A partner who has satisfied the partnership debts in excess of his due share has the right of recourse to other partners for reimbursement.

Where the holder is an endorser, he has no right of recourse against the subsequent parties.

The third party who provides guaranty of mortgage for the debtor shall have the right of recourse against the debtor after enforcement of the right of mortgage by the mortgagee.

Nothing in this Article shall affect the right of recourse on the part of the shipowner against any other parties salved.

Regarding the nature of the right of recourse, the Subjective Joint Relation Theory should be adopted.

Prior to the date of maturity, the holder may also exercise the right of recourse under any of the following circumstances.