McCullough v. Stepp

The indorsement in and of itself was not a qualified indorsement. Code § 14-409 provides: “A qualified indorsement constitutes the indorser a mere assignor of the title to the instrument. It may be made by adding- to the indorser’s signature the words, ‘without recourse’, or any words of similar import-. . .” The words, “I hereby transfer my right to this note over to W. E. McCullough,” are not words of similar import to “without recourse.” Hurt v. Wiley, 18 Ga. App. 420 (2) (89 S. E. 494); 10 C. J. S. 703, § 214; 8 Am. Jur. 61, § 325; Fay v. Witte, 262 N. Y. 215 (186 N. E. 678); Britton’s…