Alabama Code 8-5-30. Action to charge endorser or assignor on contracts assigned by writing and not covered by Uniform Commercial Code – Costs recoverable against assignor or endorser
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Terms Used In Alabama Code 8-5-30
- 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
The costs in an action against the maker in an assigned or endorsed contract which is not governed by the Uniform Commercial Code are recoverable in the action against the assignor or endorser.