Updated for 2026 Syllabus Detailed Explanations High-Yield Core Concepts

Bank Promotion Exam Guide

Banking Awareness | Banking Knowledge | for all Bank Exams

Module: General Practice

Q177: Mr. A endorses a cheque to Mr. B by adding the words "Sans Recourse" to his signature. The cheque is subsequently dishonoured. What is the legal liability of Mr. A in this scenario?

A
Mr. A is fully liable to Mr. B for the amount.
B
Mr. A incurs no liability to Mr. B or any subsequent holder.
C
Mr. A is liable only for 50 percent of the amount.
D
Mr. A is liable only if fraud is proven.
✅ Correct Answer: B
This is an application of Section 52, which allows an endorser to exclude their own liability by using the express words "Sans Recourse" (without recourse). By adding this phrase, Mr.
A is effectively stating: "I am transferring the property in this cheque to you, but if the drawer fails to pay, you cannot come back to me for recovery." Mr.
B takes the cheque with full knowledge of this limitation.
This type of endorsement is valid and legally binding.