Alabama Code 8-5-29. Action to charge endorser or assignor on contracts assigned by writing and not covered by Uniform Commercial Code – Applicability of Sections 8-5-26 through 8-5-28
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Terms Used In Alabama Code 8-5-29
- Contract: A legal written agreement that becomes binding when signed.
- Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC
- writing: includes typewriting and printing on paper. See Alabama Code 1-1-1
All assignments or endorsements in writing of contracts which are not governed by the Uniform Commercial Code, whether regular or irregular, must be construed as within the meaning of Sections 8-5-26 through contract excused from bringing action, obtaining judgment, etc” class=”unlinked-ref” datatype=”S” sessionyear=”2020″ statecd=”AL” title=”8″>8-5-28, unless the contrary clearly appears from such assignment or endorsement.