At What Price (Completed)

III

#AtWhatPrice 3

"What is not started today is never finished tomorrow."
– Johann Wolfgang von Goethe

•••

Andito kami ngayon sa library. I am trying my best studying even though dinadaldal ako ni Margot.

"What is the transfer of right to a negotiable instrument?" I muttered to myself.

"Endorsement ba?" Margot answered.

"Yeah. How does it happen?" I asked.

"By simply signing at the back of the instrument, right?"

I nodded.

"Endorsement may be with recourse. It means that the endorser shall pay the endorser if the maker dishonors the note. Ano daw?" she reads.

"Kunwari ikaw, nagpautang ka tapos gumawa ng promissory notes ang inutangan mo. Note receivable 'yun. Pero gusto mo na kuhain yung cash before maturity date so you endorsed it. Kapag with recourse, babayaran mo as an endorser yung bangko in case na i-dishonor nung inutangan mo yung note."

She nodded. "All of that process to obtain cash."

"Well, in any case, someone has to be responsible."

"Right. In legal parlance, kung ako nga ang endorser, it is my secondary liability. In accounting parlance, this is my contingent liability." Tumungo siya sa table. "Hay, andaming kakabisaduhin. Tapos yung problems pa."

"Pano naman pag endorsement without recourse?" tanong niya.

"Well.. you as an endorser avoids future liability. Even if the maker of the promissory note refuses to pay the bank at maturity date, wala kang babayaran."

"Pero kung silent 'yung problem, endorsement with recourse gagamitin, right?"

I shrugged. "Yeah." My eyes wandered to the library. Andaming estudyanteng nag-aaral ng mabuti. Some are sleeping. Nevertheless, nakaka-pressure.

I blinked. Did I see it right?

"Hello, Claudia. Buhay ka pa ba?" She waved her hands in front of me. "Sabi ko naiistress ako tignan yung process ng pag-compute."

Sinundan niya 'yung tingin ko. "Wat'cha looking at?"

It looks like she connected the dots. Naka-nursing uniform ito at kakaupo lang sa kabilang table habang may hawak na mabigat na libro.

She gasped quietly. "Siya ba 'yon?! Mukhang galing sa K-drama ang itsura! Pogi pala eh." she squealed.

"It's not a big deal."

"It is! Oh my god, lumapit tayo. I'll be your best wing woman."

I don't know how she managed to carry our things while dragging me. What the heck!

"Hi, what's your name?"

"Uh.." he really seemed unsure as to why we approached him. "Hadwin."

Margot smiled even brighter. "My friend here has something that is yours."

Why did she have to sound flirty? Goodness.

"Ah.. ano?"

I quickly fumbled through my bag. Let's get this over with. I can't be in another minute with someone I kissed in my dreams that I don't even know.

"Here." Inabot ko sa kaniya yung keychain.

His eyes widened. "Salamat! San mo nakita? I was looking for this."