Alabama Code 8-5-27. Action to charge endorser or assignor on contracts assigned by writing and not covered by Uniform Commercial Code – Extension or waiver of time for bringing action by endorser or assignor
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Terms Used In Alabama Code 8-5-27
- 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
The time for bringing the action, as required by Section writing and not covered by Uniform Commercial Code – Time for bringing action against maker; issuance of execution when judgment obtained; proof of inability of maker to pay judgment” class=”unlinked-ref” datatype=”S” sessionyear=”2020″ statecd=”AL” title=”8″>8-5-26, may be extended or waived by the consent of the endorser or assignor in writing signed by him.