(a) If the instrument is payable to the order of a third person, he is liable to the payee and to all subsequent parties.
(b) If the instrument is payable to the order of the maker or drawer, or is payable to bearer, he is liable to all parties subsequent to the maker or drawer.
(c) If he signs for the accommodation of the payee, he is liable to all parties subsequent to the payee.
IRREGULAR INDORSEMENT• An irregular indorser is one who not otherwise a party to an instrument, places his signature thereon his signature in blank before delivery
IRREGULAR INDORSEMENT• Its an indorsement in an unusual, peculiar, or singular manner
• His name appears where he would naturally expect another name
BEFORE DELIVERY• It means the initial delivery
• Provision doesn’t apply if the signature was placed after delivery