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Legal liability of endorser of commercial acceptance bill
Legal analysis: 1. If the holder is an indorser, he has no recourse to his subsequent hand.
2. The endorser shall bear the responsibility of guarantee.
The endorser is one of the obligors of the bill.
Legal basis: Article 37 of the Bill Law of People's Republic of China (PRC). The endorser shall be responsible for ensuring the acceptance and payment of the bill held by his successor after endorsing and transferring the bill. When a bill of exchange is refused to be accepted or paid, the endorser shall pay off the amount and expenses stipulated in Articles 70 and 71 of this Law to the holder.
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