Are you Accountable?

This is a question most of us are facing in our everyday life, isn’t it? This is something we often end up asking ourselves, leave alone being asked by others! But hold on, we have a repose… If you are now thinking about our previous post, we are well in connect.. If not, no worries… You can check here to resurface the idea of ‘Endorsement’.!

Yeah, so we can always endorse our source of information or funds as applicable and shift the burden of accountability. However, that’s definitely not the conclusion, because we must also share the responsibility despite our source being the first person accountable. After all, we have propagated the same alongside our source. This is known as recourse – sourcing back the endorser to bear the responsibility for the defaults made by the endorsee.

But let’s not forget, “Every law has an exception”.

If the endorser makes a clear statement that he cannot be held responsible for the defaults of the endorsee, at the time of endorsement, then the recourse stands pointless. Yes, an explicit outcry to reject any future claims of accountability at the time of performance or before performing such endorsement could save us by the name of Sans-Recourse.

Sans-Recourse endorsements are very much in existence wherever the idea of endorsement exists. If a party endorses a negotiable instrument to an endorsee (in the context of business accounting), the endorsing party can never be held responsible for any defaults post endorsement. I don’t think I’d have to explain in the context of branding, advertising or political endorsements, do I.? Almost all of them are claimed to be Sans-Recourse nowadays.!

PS: ProjectSpace endorses my content and this is definitely not Sans-Recourse… I take the primary responsibility nevertheless.! 😀

Venkatasubramanian V.