without recourse
Definitions from Case Law · United States Supreme Court
Definitions from Case Law
From 295 U.S. 209 - Awotin v. Atlas Exchange National Bank · 1935Most cited · 184 citing opinions
the words were used in a broad and nontechnical sense, as precluding, at least, any form of arrangement or agreement in consequence of which the bank is obligated to save the purchaser harmless from loss incurred by reason of his purchase. The phrase is broader than a mere limitation upon the power to contract, although embracing that limitation. It is a prohibition of liability, whatever its form, by way of 'recourse' growing out of the transaction of the business.
How often courts cite the case defining “without recourse”
Court decisions citing the opinion that defined “without recourse” — 184 in all, by decade. Counts are citations to the defining case as a whole, not verified uses of the term. The dip in the most recent years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the latest years.