Indivisum

What two or more persons hold in common without partition; undivided, (q. v.) ~ INDORSEE, contracts, is the person in whose favour an indorsement is made. He is entitled to all the rights of the indorser, and, if the bill or note have been indorsed over to him before it became due, he tained it till it became due, as none of the parties can make a set-off or inquire into the consideration of the bill which he then holds. If he remains to be the holder (q. v.) when the bill becomes due, he ought to make a legal demand, and give notice in case of non-acceptance or nonyment. Chitty on Bills, passtm.