due diligence against drawer
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 27 U.S. 331 - The President Directors and Company of the Bank of the United States v. Daniel Weisiger · 1829Most cited · 9 citing opinions
The law is settled there, as it is in Virginia, and in this Court, upon Virginia contracts of this description; that every reasonable effort must be made to recover of the drawer by suit, before the assignee can have recourse against the assignor or indorser.